Постинг
05.08.2016 09:45 -
AUDUSD
Background
This week’s signals to buy on the dip at .7504 are being confirmed with a 1 ½ Big Fig rally since Tuesday’s .7490 base. However, yesterday’s signals were more cautious, with prices testing July’s .7677 high. Despite this, investor demand persisted, sentiment improving by ½ Big Fig on the day, though remaining below July’s .7677 top. With no sign that demand is ending and with signals remaining bullish, expect a test of July's top.
Management and risk description
Allow room to buy dip. Raise stop to entry if the first target is met.
Parameters
Entry: Buy at market and .7628, today's open in Asia.
Stop: .7584, yesterday's low.
Target:.7719, May's top and .7835, this year's peak in April.
Time horizon: Close at noon UK time.
цитирайThis week’s signals to buy on the dip at .7504 are being confirmed with a 1 ½ Big Fig rally since Tuesday’s .7490 base. However, yesterday’s signals were more cautious, with prices testing July’s .7677 high. Despite this, investor demand persisted, sentiment improving by ½ Big Fig on the day, though remaining below July’s .7677 top. With no sign that demand is ending and with signals remaining bullish, expect a test of July's top.
Management and risk description
Allow room to buy dip. Raise stop to entry if the first target is met.
Parameters
Entry: Buy at market and .7628, today's open in Asia.
Stop: .7584, yesterday's low.
Target:.7719, May's top and .7835, this year's peak in April.
Time horizon: Close at noon UK time.