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ErikTheMarketMaker
Apr 20, 2018 10:06 AM

AUD/USD still looking for longs Long

Australian Dollar/U.S. DollarFXCM

Description

Still looks like we will moon soon.... I may be wrong doe.
Comments
Ltd
Hi, may I ask what makes you believe that this will go long? I am just trying to understand your TA. I am long on this trade, but am hodling and accumulating.
ErikTheMarketMaker
@Ltd, I loooove the price action on the daily chart, but I kind of still expect a further leg down to around 0.76-0.755, I am super bullish on this pair... but still no entry haha.Having patience...
Asad786
must wait possible reverse from 0.7650
ErikTheMarketMaker
@Asad786, Yeah, still no entry expecting further down movement to be honest, we will see haha. Having a lot of patience.
Jamal92
@eriklindfors98, If you look at the weekly it has already hit the weekly trendline which was around since 2016. Its up from here.
ErikTheMarketMaker
@Jamal92, haha, I have a special rule for trendlines. Good luck with your trade mate. NOT saying that you are wrong doe. I am probably waiting for a last push down ;) Just using my own rules. :)
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