AUD/USD: Shoulder Head Shoulder
Australian Dollar/U.S. Dollar formed a Shoulder Head Shoulder inverted in the downside. What we could to see a long position now against Dollar. Ok, in my past ananlysis I said that Aussie will drop, yes drop but made a manipulation in the zone that I was in some pips in profit and make rejection, what we could to see an opportunity to long AUD.
Right now, we're still in the opportunity to long AUD/USD. I will put a buy order limit to $0.6973 USD, SL to $0.6955 USD, and take profit to $0.7014 USD. i wil entry with 2x my leverage, what if I earn and get 42 pips, this could be a huge earn of 84 pips, because 42 pips x 2x = 84 pips. I make this becuase I'm very secure in this way that AUD still up in front of USD and the trend it's look that change today.
I hope that this idea support you. The analysis to short AUD will be cancelled and closed up manually, because I don't see very optimistic the past trade.
Right now, we're still in the opportunity to long AUD/USD. I will put a buy order limit to $0.6973 USD, SL to $0.6955 USD, and take profit to $0.7014 USD. i wil entry with 2x my leverage, what if I earn and get 42 pips, this could be a huge earn of 84 pips, because 42 pips x 2x = 84 pips. I make this becuase I'm very secure in this way that AUD still up in front of USD and the trend it's look that change today.
I hope that this idea support you. The analysis to short AUD will be cancelled and closed up manually, because I don't see very optimistic the past trade.
Comment:
AUD/USD could to strength as the U.S. iNITIAL JOBLESS DATA increase 260k, and that economic data was bad in the U.S. economy. The dollar suppose to move to up, but this news make the Dollar move to down, for that, we could to know what will be happening because Forex move a lot by news and big events.
Trade closed: stop reached
