AUD/USD Long Setup: Buying at 0.666
Our last trades on this pair was a major success!!
We are strategically positioning to buy AUD/USD at 0.666. The medium-term outlook remains bullish, bolstered by a consistent pattern of higher highs and higher lows. Anticipating a minor pullback, we aim to establish long positions at this level, optimizing the risk/reward profile.
Our entry at 0.666 is substantiated by the 50% Fibonacci retracement level, further reinforced by the proximity of the 100 EMA at 0.6664, underscoring this area as a robust support zone. Our initial resistance target is set at 0.671, reflecting a calculated approach to capturing potential upward momentum
We are strategically positioning to buy AUD/USD at 0.666. The medium-term outlook remains bullish, bolstered by a consistent pattern of higher highs and higher lows. Anticipating a minor pullback, we aim to establish long positions at this level, optimizing the risk/reward profile.
Our entry at 0.666 is substantiated by the 50% Fibonacci retracement level, further reinforced by the proximity of the 100 EMA at 0.6664, underscoring this area as a robust support zone. Our initial resistance target is set at 0.671, reflecting a calculated approach to capturing potential upward momentum
Trade closed manually:
Price is at our entry, close the trade, it will drop