From one side you can see that the blue trend line worked as a S&R levels for 9 times in the past. Statistically speaking this is a perfect price to buy the market! From the other side we just broker the 0.76000 Support level, it makes me wonder when will the down trend stop.
So.....What to do? 2 options:
If we will go up: 1. Buy the market with a small SL
If we will go down:
2.Wait for the blue line to break and sell
The best tip I can give you guys, TRADE ONLY AFTER THE MARKET MAKES A MOVE AND MOVE SL TO BREAK EVEN WITH A PARTIAL PROFIT
Comments
AdamFx42
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Thank you -- I had not seen this,
I just posted a long idea on Aud/Usd myself, and it seems to coincide almost perfectly with your analysis:
GL
look4edge
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maybe sell retrace target .7250
glaxo
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I think we will go down targeting 0.7200 next week may e
I just posted a long idea on Aud/Usd myself, and it seems to coincide almost perfectly with your analysis:
GL