AUDUSD Buy
Getting ready for the AUDUSD reversal at the Mid month.
At the time of writing, I am Selling due the the Psychological Line at 0.68 being respected. I am targetting the 0.677-6775 zone as that is where we have a double bottom/W formation which should give us a good indication that the up trend/reversal has started.
1st half of the month came down by 126 pips, my target was a 75% retracement then refining it down to the previous Daily candle high at 0.68540
At the time of writing, I am Selling due the the Psychological Line at 0.68 being respected. I am targetting the 0.677-6775 zone as that is where we have a double bottom/W formation which should give us a good indication that the up trend/reversal has started.
1st half of the month came down by 126 pips, my target was a 75% retracement then refining it down to the previous Daily candle high at 0.68540
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.