TrickleDownFX

Possible beginning of accumulation on AUD/USD

Long
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Hello my beauties.

I noticed that the pair has come to a nice selling climax, and given the strength of the AR (automatic reaction) in proximity of the long term bearish trendline that was broken to the upside, I see this as a possible accumulation. Personally, I will wait for a nice spring below the TR (trading range, in red) to enter a long trade and gain some nice profit. We are going to wait for further development of price action to take the trade, and wait for a nice buying opportunity below the bottom red line.

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Peace.

Luca, TrickleDownFX