capitalpropertiesfx

AUDUSD possible reversal next week

FX:AUDUSD   Australian Dollar/U.S. Dollar
392 4 6
I will start looking for long opportunities in AUDUSD             next week because I think that pair might suprise and not the downside. Infact, I'm even considering new highs.

However , before I start considering long positions I want to see another leg lower and only after that I will decide what I will do next.If I do not see any signs of reversal in Target 1 zone I'll abandon the bullish scenario.
Xerion
2 years ago
Do you think it will bounce off it's 200 MA or what seems a pretty strong support at 0.92?
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capitalpropertiesfx Xerion
2 years ago
To be honest with you, I don't use any indicators at all so I don't really know where the 200MA is. Why I like the 0.9150 area is because of the possibility of a triple bottom which I think will not hold as it is a perfect Stop Loss area combined with 0.92000 pshycological level. So in conclusion - I'd prefer a move below 0.9200 to take out weak longs and after that price to turn higher. Time will tell if this plan is actually going to work.
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justatrader PRO capitalpropertiesfx
2 years ago
If I may.. 0.912... That's one level I have my eyes on... since over a month!!!!
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Forexpro
2 years ago
Hello Capitalproperties,
I just joined tradingviews with the intention to share one trading idea I just have regarding AUDUSD. As a very pleasant surprise I found your analyse to be ivery similar with my thoughts. :-)
Lets see how it plays out.
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