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That-Guy-Cozy

AUDUSD - 3/31 - Long

Long
Australian Dollar / U.S. Dollar (FOREXCOM:AUDUSD)  
That-Guy-Cozy Updated   
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
Supply and Demand Fibonacci Trend Lines
3
0
supplyanddemand fibonacci trendline
Sentiment: Short term bullish

  • AU making higher highs on Daily and higher TF. Currently reacting off trend line and pushing towards Weekly high.
  • Last Weekly bullish leg seems to have retraced to 61.8 fib which lines up with Weekly Demand whe price is reacting currently.
  • In demand on lower TF (4h/1H), price took sell side liquidity. There is a 4H and 1H Supply between 0.65691 and 0.65767. Price looks to be heading here to get buy side liquidity.

Trade: Entered at market execution around 0.65299 for long with SL just under last low with some breathing room.


Trade closed: stop reached:
price went for the weekly lows... looks like the US is getting the upside in a lot of pairs
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