+【11/5~6 AUDUSD Aussie Dollar】(194)
11/5~6 AUDUSD Australian Dollar
From entry to settlement
Saved version: Please review here for foundational methods and concepts.
List of summary articles ↓
https://www.gogojungle.co.jp/finance/navi/articles/74572
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As environmental recognition, see below
1-hour chart,
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Prices formed a lower high line and have stopped near the previous neck line around the upper white line on the latest upward move, so there may be a pullback buying opportunity on rebound
4-hour chart,
After a period of decline, it stopped falling and could rally momentarily after breaking above the 4h moving average and being supported again
Daily chart,
There is pressure from above the moving average, but the deviation is still present, so at least up to around filling the gap could be targeted
With the presidential election approaching, if it rises, prioritize settlement and avoid taking unnecessary risk
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Entry screen ↓
Tuesday, November 5, around 14:30, AUDUSD long entry
From the swing low rising to a recent high test near the wick high, then breakout
Stop loss below the recent retracement low
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A small double top formed and stopped; break below the neck line halves profit take
Remaining stop loss moved to around the entry level, after-entry small pullback
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Another rise entering a level where daily MA above is being pressed, and to avoid unnecessary risk due to the presidential election-related moves, raise the take-profit line and go to sleep (red dotted line)
Recent high updated
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Next morning
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