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MicWoodsFX
Jan 28, 2021 10:16 AM

AUDUSD - LONG - SUPPORT AREA Long

Australian Dollar/U.S. DollarFXCM

Description

I am aiming for a LONG entry and expecting price to start climbing.. The reason for this is that on all three timeframes (15minute, 1 Hour and 4 Hour) the RSI is showing oversold levels currently, and it is on the Support Area. So, this will be a great opportunity to trade and grab in the region of 50 - 60 Pips!

This is personal view based on my own analysis and theory, trade at your own risk!
Comments
Jhol01
Agreed. Done an analysis expecting retracement to that level too, sits perfectly at 38.2% fib level. Might look for shorts once its reached.
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