JimMakos
Long

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.
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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.
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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.
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