LewipapersFX
Long

133 AUDUSD RETRACEMENT TRADE

FX:AUDUSD   Australian Dollar / U.S. Dollar
61 2 2
SIGNIFICANT DOWNSIDE MOVEMENT
CAPITALIZE ON RETRACEMENT
164/117
- Thanks for the comment and Question...looking back it was a great trade and I like other trades I've posted have accepted the losses because no matter what I followed my trade plan. This snapshot is a MONTHLY chart which is approaching the 886 Fib Level which to me signifies an oversold market. This and next week will be crucial for another BUY opportunity on WEEKLY and DAILY charts. I will be looking for a DOUBLE BOTTOM or SOARING EAGLE opportunity to go LONG
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Looking back now I think you made a very good prediction!

My question now is do you think the AUD will go higher and to what level? Is it continue to Long now?

Please let me know thanks!
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