As written on the chart. I am seeing a slowing of the downmove in the AudUsd, and we are on a very strong support zone. Buying with a tight stop on a daily close basis below 7790 seems good for me. If 7790 breaks clearly lower expect a move into 7685 area. There could be another long opportunity setting up.
Blessings to you.
Comment
⋅
This is going as planned, i am adding to my position and profits at 0.7825. Stop is still seen on a close below 0.7790
Jean - Are you planning on jumping back in this trade?
IamJeanPaul
⋅
@NateTheGreat7, Hi Nate, currently no - i dont know to be honest what the dollar will do in this week, its very tricky. Dollar has Fed, ISM, and NFP this week. I burned so much money in the past trading forex around such big events. I prefer to stay on the sideline and watch for now, but generally speaking this 7650-7600 area is a strong support and interesting to buy, but i will wait for now :). Sorry for late response.