AUDUSD HIT MAJOR TREND CHANGE!!!
NOTICE : EUR/USD is also changing trend to the upsite, USD/CAD changing trend to the downside aswell... Pairs are collerated!
So AUD/USD hit MONTHLY TRENDLINE (3rd touch) which act as a extreme support line. It is almost not possible that it will be break trough straight forward so we expect bigger retracment.
We go higher high...
Good opportunity for investors / position traders!
Aud/usd hit major support trendline which might reverse in upcoming week so be prepared!
Everything is on chart!
Regards
TradingYo
What we are looking for?
Looking for break no matter on which way but main trend is still Bullish and we havent hit resistance zone yet! So both sides are open
Entry style:
I would suggest after a trendline break entering with D1 or H4 123.
Trade management
Split trade into 3 parts. Trail last position as long as possible! RR 1 = 1 : 1.......RR2 = 1 :...
Usd/cad just broke the channel after hitting major PRZ (potential reversal zone) on weekly. Now we are waiting for pullback back to the previous channel low. Combined with fibonacci retracment 50 and 61.8
This could mean the first strong setup to the down side after long time.
It is important to catch first setups of the new trend and it might go down so fast...
