AUDUSD 12 to 1 win vs Risk - Trade is going LongHello all
After a few false starts -(see related idea I posted a few weeks ago below) with the bullish engulfing daily candle today (dependant on your broker), I do expect the 61.8 retrace of the first leg now to continue higher up to near 0.7450 area )once the gaps is filled today on a small retrace)
This will be a trade to hold for a few weeks, however when it goes, it will go higher quickly.
Some short term sentiment news will drive the power moves, however I do expect dollar weakness across the board and all XXX USD pairs to go up and USD XXX pairs to go down. (be mindful of Yen pairs as they do move differently.
I also expect Gold to move higher too. Last week price action was a complex retrace only
Thanks for reading
duncanforex.com coming soon
