Pullback to key AUD/USD trendline. Bulls taking over?

FX:AUDUSD   Australian Dollar / U.S. Dollar
138 4 0
Pullback to trendline makes me consider this 1:2 risk/reward trade on AUD/USD             .
This pattern is called Texas-T. If it holds, it's going to mark a reversal in AUDUSD pair and you can expect the orange range to double to the upside. However, if it fails, forget about it... :-D
+1 Reply
Yum yum yum!!! So many views on AUDUSD... Can't wait for FOMC to kick in.. NFP looks like its ages away.. At the very least, this week should be a great case study for the weekend.
I'm with you, guys. :-) I'm long as well. If price manages to break out of this down-sloping channel (perhaps being a flag on a dialy chart?), I'll be looking to TP just below at 0.935. Let's see what FOMC meeting brings.
thanks did not see the trend line. I'm long Aussie from 0.9236. that is a little bit of confirmation for the trade. I'm looking for 0.94 even handle targets as well.
+1 Reply
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