After the retracement, AUDUSD has just failed to take the Support. It stays above the Support level, and showing a V-Formation Pattern.
V-Formation is a sign that the buyers are back. So I think the Fed Rate Decision will be a good news for AUD, and probably will bring this pair to Bullish Mode for more further.
Therefore, I decided to take the 2nd position :
BUY @0.7085
STOP LOSS @0.7040
TAKE PROFIT @0.7155
I don't know really. I share this so I can learn from the best. Please share your comment to correct what I share :)
It may go up, it may be not.
This is just analysis and my perspective. This is not a signal or a suggest, so trade based on your own favor :)
Good luck!!!
Cheers!!
V-Formation is a sign that the buyers are back. So I think the Fed Rate Decision will be a good news for AUD, and probably will bring this pair to Bullish Mode for more further.
Therefore, I decided to take the 2nd position :
BUY @0.7085
STOP LOSS @0.7040
TAKE PROFIT @0.7155
I don't know really. I share this so I can learn from the best. Please share your comment to correct what I share :)
It may go up, it may be not.
This is just analysis and my perspective. This is not a signal or a suggest, so trade based on your own favor :)
Good luck!!!
Cheers!!
Trade closed: target reached:
After The Fed's Rate Decision and some couple negative comment at the Press Conference, AUDUSD started to get Bull Momentum. Now, it's reached Take Profit with good pips. :)
Cheers!!!
Cheers!!!
