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KaltoireCapital
Apr 15, 2024 5:40 AM

AUD/USD key S/R levels, +160 Pips potential Long

Australian Dollar/U.S. DollarFXCM

Description

Hello traders, I hope you had great profits by selling AUD/USD last week. In my previous AUD/USD idea, I recommended selling AUDUSD@0.6620 zone, that call generated over 180 pips profit. Currently, AUD/USD has bounced off the support zone by almost 30 pips.

This makes me wonder, if there is a potential long entry here. So, if the support level that I had indicated in my chart holds, I would recommend traders to buy AUDUSD@0.6450-0.6475 with
stop loss below the support zone and TPs at 0.6542 and 0.6642.

Trade active

Bought@0.6554
Comments
amgadsalama
Good analysis, i also think the same
KaltoireCapital
@amgadsalama, Thanks a lot mate
TheAntrader
This is a good analysis, nice post!
KaltoireCapital
@TheAntrader, Happy that you find it helpful :)
Jonniefriday206
FYI: It is going to be heading another leg down.... I hope you have the money to cover longer down fall.... Learn from JESUS. He is the perfect teacher. There is no teacher on earth greater than he is. He came to die for your sins of greed, sins of pride, sins of chasing money, sins of lying, etc. Seek him today if you want to have life.
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