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FxChiefPriest_
Jun 16, 2023 10:39 AM

Bullish Aussie June, 16, 2023 Long

Australian Dollar/U.S. DollarFXCM

Description

FX:AUDUSD

After doing a detailed top-down analysis, I've come to conclusion that the aussie is gonna get bullish. The price just recently traded off a very significant POI on the 12M TF, and we can see that it is heading back up to locate liquidity.

However, on the daily and weekly, i expect a run down because the price is currently in premium and if I'm going to buy, i need to at least wait till it gets to the equilibrium point or discount level.
Comments
FxChiefPriest_
Thank you for your comment, I appreciate it. Do have a lovely weekend.
zAngus
Greetings, well done on starting to share your ideas. We hope you had fun during the experience. Hope the trade goes well for you.

From mod @zAngus
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