nikitafen46
Long

AUDUSD Bearish Fakeout, back up to resistance

FX:AUDUSD   Australian Dollar / U.S. Dollar
A couple weeks ago, AU broke a support trendline (not pictured above), and broke the support at 0.7450. Now we know that this was a bearish fakeout. If any of you have read "Naked Trading", there was also no Last Kiss setup here.

There is also building bullish momentum on the MACD indicator at the bottom.

Now, I think price will be heading up to the 0.7700+ zone.
I Agree...
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