AUDUSD primed for a strong reversal. Straightforward.

FX:AUDUSD   Australian Dollar / U.S. Dollar
If it keeps working then... we keep getting free money. Pretty simple.

I sold at the top (0.76750) 3-4 weeks ago, I bought on today's low, will I have bought at the bottom?
If yes, this will become my favorite thing to trade.

Taking profit on a small bounce and then let's hold see if we can take 2-300 pips or even more.
Getting out if it drops lower thought.

1HR RSI is down to 20 & there is a clear V shape there.
Comment: :)

Let's see if this makes a lower high on the Daily chart or if we actually break the downtrend and go uuuuuup!
Comment: Bouncing on 0.3 fib, maybe.

SL can be moved up a bit.
Comment: Imo the level to beat is the green one, and after that 300 pips upside is easilly possible.

Comment: That level got rejected exactly. I have not been able to take profit there unfortunatly but it was a good idea to.

Wait and see how far down it goes now.

Comment: Clearly hard testing that level in red.
If it breaks the aussie will be "moooooning" as some simians would say.

Comment: Popping off. Let's do this!
Comment: It's mooning allright.
Wouldn't be surprised by a little pullback this is too much XD

Took some profit on the way up but still holding my long of course.

Ok at $1000/pip I made... jk :p

Trade closed: stop reached: It's over for me, not sure where it goes next.
A bit sad, but I took plenty on the way up, all fine.

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.


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