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AUDUSD - Upward trend will continue, Long trade by market price recommended

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairAUDUSD
Publication Time9/16/24 8:28 AM
Direction Buy
Status Closed (0.6765)
8:28
8:28
Sep. 16, 2024
Forecast
+35 p
0.6765
Target 1
0.6730
Entry
-40 p
0.6690
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on AUDUSD. As a result, we recommend considering only Long trades at this time.
  2. Price broke through the MVP line and rushed up. We consider this a sign for further AUDUSD price increase.
  3. Set Take profit at the local price maximum.
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