AUDUSD Technical Long on Trendline Break
Updated
Notes:
Key Risks:
All wave labels are arbitrary.
- Classic break and retest of a major descending trend-line.
- Target is at 0.74 - the 38.2% Fib Retracement of the Bear Wave from the 78300 high to the 71600 low.
- Trade will be scaled in as needed.
Key Risks:
- Renewed June FOMC Rate Hike expectations. (USD upside)
- Incredible jobs figures this NFP-Friday. (USD upside)
All wave labels are arbitrary.
Comment
Boost! NFP Figures were terrible.
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