top of page
Search

AUD/USD analysis by Keon Consultancy | Mar 12, 2020

Having seen similar sharp turn in RSI, similar upswing is expected. However we are targeting only Fib50.0 of downswing because this is the nearest target. Actually Fib50.0 of downswing makes a confluence resistance zone as it almost coincides with previous swing low. Please see the screenshot to understand it. The screenshot displays trader entry and exit levels.

click to zoom


 
 
 

Recent Posts

See All
Gold (XAU/USD) trading plan

Return from psychological level of 3000 may give us a trading opportunity in Gold. Buyers may be taking profit and getting out, which may...

 
 
 

Commentaires


  • Facebook Social Icon
  • Youtube

© 2010-25 by KeonConsultancy.com

 

 

The information on this website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement.

 

Past performance is no guarantee of future results. Your capital is at risk in Forex & CFD trading.

bottom of page