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!!
Trade closed: target reached
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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. :)