AUDUSD: Breaking above the rate cut key level
Updated
AUDUSD is set to start accelerating as the massive long term accumulation pattern leads to a rally of monthly scale here. If not long, jump in now with 0.5% risk. Your downside risk is 60 pips give or take, for aggressive traders, and a drop back to 0.76 for more conservative long term positions.
Once we move above 0.7350, we'll have further confirmation that the long term rally I predict is underway and we can expect prices close to 0.84 to get hit.
Good luck,
Ivan Labrie.
Once we move above 0.7350, we'll have further confirmation that the long term rally I predict is underway and we can expect prices close to 0.84 to get hit.
Good luck,
Ivan Labrie.
Note
*above 0.7835Trade closed manually
We closed most of the positions before the election, and closed the rest after the rapid drop started.Now, we can get a new buy opportunity after the dust settles.
Note
Support is holding, we can take positions again very soon.Note
Check out how the support held, I bought back the positions after closing higher last night today between 0.7685 and 0.7653.Trade active
Note
Note
I closed upper entries and kept my last buy from 0.76335, stop 0.7579Note
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