Great idea on AUDUSD. In our case, we choose to go with a bullish bias. As shown in our chart, price has broken out of our moving average which has been acting as a great resistance for the previous few swing highs. Also, price has broken our of the bearish channel signalling that a bullish exit could occur. We have also found that the take profit level at Trager 1 shows great resistance and a 23.6% fib level is near the Trager zone, thus further substantiating it as a strong resistance zone. Stop loss is placed at last Friday’s low of 0.7072.
Please take a look at our idea and share with us what you
https://think.https://www.tradingview.com/chart/AUDUSD/EQYdsAC6-US-Midterms-and-trade-war-to-drive-AUDUSD-to-our-buy-limit/
GannAnalysis
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@Pepperstone, Yes I agree with your analysis on Aussie. It should retrace and then continue the upward momentum.
Pepperstone
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@GannAnalysis, Thank you for your comments. Let's see how it unfolds. :)