KgomotsoMonaise

Pull-back or fake-out on Aussie Dollar?

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
I got my guns on an upside rally. My take is that the price is only coming to retest both the trendline and the resistance-turned-support at 0.67730. once tested and rejected, we can look for the first target at 0.68672, while the second one would be 0.70407. Maybe too optimistic, but, oh well. Stop loss you will set according to your stop placement strategy
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.