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Ross-J-Burland
Jan 30, 2023 7:46 PM

AUD: Finally, lit my cigar! +4R, target area finally hit  Short

Australian Dollar/U.S. DollarFXCM

Description

AUD/USD was just too compelling not to re-enter expecting a move in the later part of the day which came and produced the goods as per the prior videos and start of the day's analysis.
Comments
LordGagin
How low u reckon I’ve had it short from top
Ross-J-Burland
@LordGagin, sorry was not attentive to markets between finishing the US session and until now and saw the move to the prior daily resistance areas in what was almost a 61.8% retracement meeting the upper quarter of the 69s at 6980 ish. If I were to swing and position trade, I would target such areas of confluence as we have seen in AUD. Round numbers, swing points and liquidity catchments. Volume profile can help identify where the price is headed, supported and resisted. Hope that helps.
JoeChampion
Good one mate!
Ross-J-Burland
@JoeChampion, Thanks JoE!
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