AUDUSD 16/11
Updated
Possible swing trade on AU
- Looking to long from 0.73250
Confluences:
- Daily Bullish market structure, with HH and HL being created
- Last week the market rejected the 71% fib retracement and closed above the 0.73250 key level
- Looking to long from 0.73250
Confluences:
- Daily Bullish market structure, with HH and HL being created
- Last week the market rejected the 71% fib retracement and closed above the 0.73250 key level
Trade closed: stop reached
My daily key level was incorrect. SL hit. Possible reversal around the 78.6% and ascending trendline. However, I will only take a long trade once the intra-day momentum becomes bullish.
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