Hi this is my first publish. So lets get into it. I seen a lot of people saying AUDUSD was a short, but if your saying it was a short, your trading what you know, not what you see, because AUD/USD was at a strong monthly resistance area, but that does not mean it's going to reverse. Fundamentally AUD/USD was a buy because the Dollar is falling due to the stimulus and dovish monetary policy by the the Federal Reserve. So if you combine all the fundamental reasons together with the technicals, I feel like it was a buy. Technically AUD/USD NEVER broke any major level of support either (if your looking at the daily). I seen a lot of post about guys who were in sells but were also looking at the hourly chart.
My chart isn't the cleanest but I feel that you guys will be apply to see what I mean, it's simple structure and fundamental analysis.
PS: I had two scaled in entries, at the HLs on the lower timeframe. Caught 73 pips total. I would've continued to hold but my TP was at the monthly line, but expect it to raise further pass such as EU did.
My chart isn't the cleanest but I feel that you guys will be apply to see what I mean, it's simple structure and fundamental analysis.
PS: I had two scaled in entries, at the HLs on the lower timeframe. Caught 73 pips total. I would've continued to hold but my TP was at the monthly line, but expect it to raise further pass such as EU did.