Price have broken the downward trend and have reached the bottom of the bigger upward trend. AUDUSD is currently on the 78.6% point of the fib tracement and if it does hold, there could be a potential good RR on the Long side.
This lines up with the poor unemployment claim figure for US earlier this week which may carry the effect to the coming week.
Note - Any trades that you choose to take should be based on your own analysis and decision. The ideas shared here are for educational/informational purposes only and I am not responsible for the results of your trades taken.
This lines up with the poor unemployment claim figure for US earlier this week which may carry the effect to the coming week.
Note - Any trades that you choose to take should be based on your own analysis and decision. The ideas shared here are for educational/informational purposes only and I am not responsible for the results of your trades taken.
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.
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.