Aud / Usd Long Opportunity
Please see above our analysis on Aud/Usd.
We have a high probability set up currently starting to form that we really like the look off.
Price at this area did create a fake out previously and this could be a repeat of that outside the consolidating channel.
We could however see more downside to our swing low off 0.718 ish.
We have a great opportunity here to begin building a position on this pair heading towards our target zone before we will look for further insight on the direction of the market as to whether or not we expect another test of the channel high.
As always let me know in the comments your thoughts on this pair.
All feedback is greatly appreciated.
The Fx Chartist
We have a high probability set up currently starting to form that we really like the look off.
Price at this area did create a fake out previously and this could be a repeat of that outside the consolidating channel.
We could however see more downside to our swing low off 0.718 ish.
We have a great opportunity here to begin building a position on this pair heading towards our target zone before we will look for further insight on the direction of the market as to whether or not we expect another test of the channel high.
As always let me know in the comments your thoughts on this pair.
All feedback is greatly appreciated.
The Fx Chartist
Trade active:
Looks like we may go a little deeper on this one before seeing any kind of reversal. Will monitor our nice buy zone as noted in the chart.
The Fx Chartist
The Fx Chartist
Trade closed: stop reached:
No rejection at either Buy zones.
Too much USD strength for this scenario.
The Fx Chartist
Too much USD strength for this scenario.
The Fx Chartist