Potential AUDUSD long
Updated
I'm looking at a potential long position in this pair, based on the presence of strong support around the current price levels.
A drop below 0.77 would make me doubt this forecast, but for now I think there is a strong possibility of mimmicking a previous reaction off support, after a climactic decline like the one we have recently witnessed.
Short term bias is bearish, but the bullish case is a compelling one in my view.
A drop below 0.77 would make me doubt this forecast, but for now I think there is a strong possibility of mimmicking a previous reaction off support, after a climactic decline like the one we have recently witnessed.
Short term bias is bearish, but the bullish case is a compelling one in my view.
Trade closed: stop reached
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Related publications
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.