Pin Bar and Bearish Engulfing on AUD/USD

Pin Bar and Bearish Engulfing on AUD/USD

On the AUD/USD currency pair, the bullish sentiment is prevailing for quite a long time. Nevertheless, a technical correction is not ruled out in the near future. Near the local offer zone of 0.79650-0.79750 a number of classic patterns of Price Action, Pin Bar and Bearish Engulfing, were formed, which act as reversal formations. The nearest support is at the level of 0.79450. We recommend you to pay attention to this situation.

If the price fixes below the 0.79450 mark, it is necessary to consider sales of AUD/USD. The immediate goal of profit taking is a round level of 0.79000. In the medium term, the AUD/USD currency pair may reach the level of 0.78600. When tracking the position, we recommend using a trailing stop.

by JustMarkets, 2018.01.16

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Buka Akaun

Dapatkan Analisis Percuma

* ruang yang diperlukan
Artikel Terakhir
Semua Artikel
Apakah Konsep Utama Analisis Teknikal?
Penganalisis teknikal menggunakan carta dan graf untuk menganalisis trend, pola dan data pasaran yang lain untuk mengenal pasti isyarat beli dan jual. Konsep utama analisis teknikal adalah untuk menganalisis sejarah harga dan data volum untuk membuat ramalan tentang pergerakan harga di masa akan datang dalam pasaran kewangan.
Baca lagi
Apa itu Analisis Kaki Lilin?
Analisis kaki lilin adalah kaedah popular yang telah digunakan dalam perdagangan Forex untuk menganalisis pergerakan harga dan membuat keputusan perdagangan.
Baca lagi