Loomy

Potential reversal coming up on the Aussie

FX:AUDUSD   Australian Dollar / U.S. Dollar
I'm sure a few of you have been trading the current bearish trend for the Aussie dollar. I know I certainly have, I see a descending wedge on the daily which is a potential reversal sign. I would watch for a potential break anywhere along the wedge , and wait for a pull back and retest on a smaller time frame. I think this would present quite a bit of profit if you can correctly trade the trend reversal if it occurs.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out