my daily sunday review of the markets before they open, audusd is worth watching out for this week. I'm expecting some bullish momentum as we can see a nice double bottom that has been formed on the 4hr time frame. ideally, I would like to see audusd pull back slightly couple 20-40 pips to the downside, towards my 61.8 fib extension, where that would be my preferred entry, as i'm expecting some long term buying pressure. However, if we were to see audusd continue with the up rally and break my resistance level of the 50% fib and retest making the resistance level support. I will be looking to long this pair. Will be keeping my eyes on this pair
Trade active:
Price didnt reach my resepected support area, before heading to the upside. I'm currently in this trade 1% risk, entered during a pullback
Trade active:
currently a risk free trade, as price looks to continue heading to the upside