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Nyerobobs
Dec 1, 2020 12:36 PM

AUDUSD BUY SETUP Long

Australian Dollar/U.S. DollarFXCM

Description

MORE BULLISH MOMENTUM IS EXPECTED FROM AUDUSD AFTER THE PULLBACK FROM FORCED PRICE INTO A MOJOR ZONE

THE PAIR HAS FORMED A DOUBLE BOTTOM ON THE WHICH ALSO CORRESPONDS WITH THE 50EMA ON THE 4HR CHART

VERY LIKELY THAT PRICE WOULD BREAK THE MAJOR SUPPORT ZONE FORMING HIGHER HIGHS BUT OUT AIM IS JUST AROUND THE ZONE

Trade closed: target reached

Comments
Nyerobobs
CORRECTIONS

MORE BULLISH MOMENTUM IS EXPECTED FROM AUDUSD AFTER THE PULLBACK FROM YESTERDAY FORCED PRICE INTO A MOJOR RESPECTED ZONE

THE PAIR HAS FORMED A DOUBLE BOTTOM WHICH ALSO CORRESPONDS WITH THE 50EMA ON THE 4HR CHART

VERY LIKELY THAT PRICE WOULD BREAK THE MAJOR RESISTANCE ZONE FORMING HIGHER HIGHS BUT OUR AIM IS JUST AROUND THE SAID RESISTENCE
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