AUDUSD Trend Long
Updated
AUD appears to be gaining a little strength, the housing crisis seems to be slowly repaiting its self which I have been tracking carefully. Price tested .68700 without too much trouble.
Looking for a re test of this zone with a 2nd potential target @ .69800 on the basis the trend is strong
Late entries- Best case look for a dip to the top of the 4 hour engulfing bar. Mine are set from 6am GMT to 10am GMT and on. Otherwise look for flats or dips to buy out of.
Looking for a re test of this zone with a 2nd potential target @ .69800 on the basis the trend is strong
Late entries- Best case look for a dip to the top of the 4 hour engulfing bar. Mine are set from 6am GMT to 10am GMT and on. Otherwise look for flats or dips to buy out of.
Note
Stopped out on this particular trade. Goes to show even conviction set ups dont always trigger. Its still a pair I am favouring along with USDCAD for USD weakness to emmerge. Breaks needed on the DXY neessary. That said due to the flow of AUDNZD I am now switching my bias to Kiwi strength. We had RBNZ on tap Wednesday but the majority of Kiwi pairs are showing strong signs of reversal over and above AUD.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.