Trade Ideas Analysis: AUDUSD Crash Short

Australian Dollar/U.S. DollarFXCM

Description

⋅ Feb 5, 2020 8:28 AM

A break and close below the recent low by drive AUDUSD to the next level low at 0.6351 and that is possible just within this year.

If a further dip should have happened, I will be looking at 0.5365 to buy on an ABCD Pattern, which can happen as far as 3 years from now.

This is the kind of analysis that I wish that I will be wrong, but it all seems so possible right now.

My long term plan for AUDUSD, I will be looking for shorting opportunity and focus in shorting this pair.

Comments

MENINACTIONLLC

⋅ Feb 5, 2020 8:35 AM

This is solid coming off the monthly chart too #bravp

MENINACTIONLLC

⋅ Feb 5, 2020 8:35 AM

@MENINACTION1001 #bravo

RaynLim

⋅ Feb 5, 2020 8:36 AM

@MENINACTION1001, you see this too? The previous bold statement I made publicly is on 13Dec2015 on GBPUSD, the drop happen to the level I forecasted and we all now know is Brexit Referendum