AUDUSD completes correction, looking for upside
Last week, we presented a likely bull case for this pair. However the bear case played out. So this week, we are looking for the bull case that we presented to be fulfilled. Because all the points marked by the green dollar signs needs to be liquidated. In terms of entry we want to see the RSI hit 5 before we enter, we will place a stop loss at 0.72861. For people who are conservative, you can wait for the trend to be broken and a retrace before entering for a long.
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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.