AUD/USD Long Opportunity
4h:
I have decided to take this trade if given the opportunity because it coordinates with my preset R:R .
We are currently (12/24/18) at a major support level (.7038) tested last & respected since Oct 5th, 2018. We did close below on the daily this only to retest and reject from top of daily (green) demand zone @ .7072.
Also, we...
GBPUSD has now entered a clear trend after a third retest of shown trend line. Once we see a breakout past 1.275, we will look to enter on that confluence of 200 EMA retest as support, retest of demand zone and psychological level.
I would take a two-three positions as close to .2852 as possible, which is the price as I am writing this.
1. Looking at the H4, we see a possible test of support, break, retest and possible drop again.
2.With further analysis of lower TFs we see that there is strong rejection on the last drawn Demand 4H Zone, as seen in a double bottom on the M15.
3. In the...
