captain_smollett

AUDUSD. Possible long next week

FX:AUDUSD   Australian Dollar/U.S. Dollar
Australian Dollar             may be finishing the push down and start a new ascending impulse. This would coincide with the expected weakness of the US Dollar             .

I will looks for longs at 0.74-0.7985 levels, targeting 0.80 by the end of October. Stop Loss order will be placed at 0.7290 as it will invalidate the Butterfly pattern I´m chasing.
Comment: I think the pair still has to re-visit lows, will sell from 0.77000, targeting 0.74
Trade active: Sold 0.7715 and 0.7700. Moved at breakeven and holding shorts now. Not sure if it gets to 0.74 but 0.75 looks pretty realistic
Comment: Both patterns invalidated. I stay short until the end of DXY bullish run
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