mendrinvest
Long

Aussie dollar in a potential reversal zone.

FX:AUDUSD   Australian Dollar/U.S. Dollar
56 2 0
Still waiting for an entry signal, however, the pattern looks good for an Aussie long.

As of 7/31 no position has been taken!
Even though the dollar is getting stronger (same situation in GBPUSD) the analysis is correct. At this point I am looking for a variation near the bottom of the support zone. If it can validate, this still can be considered a long trade. If the weakness continues though, then step aside and reevaluate.
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Hey Jacob really nice analysis
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