Jroge107

AUDUSD: Buy the Dip

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
Fairly straight forward trade, buy the retracement. After bouncing off the weekly trendline at the bottom, AUDUSD is bullish in my opinion. If you missed the initial trade this would be a great opportunity to enter upon a bounce at previous resistance as well as the .618 Fibonacci level. Take profits at the green area i marked.
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