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auroraspot
Jan 13, 2017 2:23 PM

Long Term Position in Aussie Long

AUSTRALIAN DOLLAR / U.S. DOLLARICE

Description

Long position on AUD/USD. Macro trade with long term time horizon.

Comment

Trade still active!

Trade closed: target reached

Target reached 04.09.2017.
Comments
Trader_Dale
Based on Market Profile (volumes) and Price Action there is very strong swing support at 0.7246. There was about 2 week rotation where the big players accumulated their long trades and then moved the price agressively higher. You Can see this strong trading activity even on yearly volume profile!
If the price comes back to 0.7246 I think that the agressive buyers will come again and push the price higher once more.
Here is my analysis:
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