AUDUSD : LONG And Short Setup
NOTE: This one requires Alot of Patience.
Monthly: Bullish TrendLine As it stands,
2011: Price Hitting Peak Levels and has been Bearish Ever since.
In 2015: Break of 61.8 (previous Support) Towards Downside Target of 0.786.
Price is NOW moving Bullish back up into the 61.8 (Resistance)
Price can either Break the 61.8 (bullish) & 200 Resistance With potential targets to 0.5
OR
Price Can Go bearish Once again Testing the Monthly Trendline.
This is a one to watch for. Potential of 500+ Pips either Direction. Not for the Faint Hearted.
Let me know your thoughts.
Monthly: Bullish TrendLine As it stands,
2011: Price Hitting Peak Levels and has been Bearish Ever since.
In 2015: Break of 61.8 (previous Support) Towards Downside Target of 0.786.
Price is NOW moving Bullish back up into the 61.8 (Resistance)
Price can either Break the 61.8 (bullish) & 200 Resistance With potential targets to 0.5
OR
Price Can Go bearish Once again Testing the Monthly Trendline.
This is a one to watch for. Potential of 500+ Pips either Direction. Not for the Faint Hearted.
Let me know your thoughts.
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.