$AUDUSD - Triangle correction is about to end
Hi guys!
AUDUSD, Australian data looks promising, US data looks even better according to the forecasts.
Hence, a slight difference may play a great role in this pair.
My suggestion here is - wait for a breakout from the triangle then go long, or open a long position here and place your stop loss below the dynamic support (Risk-Reward ratio won't be great and your SL may get hit in times of high volatility). Another option is to wait for the pair to touch the dynamic support and bounce off.
AUDUSD, Australian data looks promising, US data looks even better according to the forecasts.
Hence, a slight difference may play a great role in this pair.
My suggestion here is - wait for a breakout from the triangle then go long, or open a long position here and place your stop loss below the dynamic support (Risk-Reward ratio won't be great and your SL may get hit in times of high volatility). Another option is to wait for the pair to touch the dynamic support and bounce off.
