AUD/USD Short Mid term
As the AUD rises to higher and significant levels combined with the high possibility of the USD interest rate cut to prop up the economy there is a possible reversal on the way.
I have chosen to enter at this level due to being high activity in relation to a typical reversal pattern and major Resistance levels being respected.
Disclaimer; I'll be waiting for the US markets to open and confirm the trend reversal before committing to the trade.
I have chosen to enter at this level due to being high activity in relation to a typical reversal pattern and major Resistance levels being respected.
Disclaimer; I'll be waiting for the US markets to open and confirm the trend reversal before committing to the trade.
Disclaimer
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