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Mokoken1917
Jul 15, 2019 10:47 AM

AUD/USD POSSIBLE LONG (have patience) Long

Australian Dollar/U.S. DollarFXCM

Description

An interesting situation I'm monitoring on this pair, we are in a downtrend since January 2018, we reached strong monthly support and an inverted head and shoulder is forming.

The price could rise and touch/break the trendline or could bounce back and go again on the monthly support. At the moment Aussy is showing strength anyways. Let's wait for more confluence but it is interesting. Also, a Kumo Break is about to happen and Kijun 200 is in the same area of the trendline if it breaks it would be a really strong buy signal.

Just my vision
Comments
HFam329
any updates?
Mokoken1917
@HFam329, if you went long you would have taken profit on the trendline, now it seems is going back down and following the trend. But i will wait and see, we need more confluences.
HFam329
@Mokoken1917, thanks so much!
Mokoken1917
@HFam329, if the price breaks that trendline it becomes really interesting. Eyes opened.
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