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2phost
Jul 14, 2017 9:56 PM

AUD/USD hit the weekly bottom Long

Australian Dollar/U.S. DollarFXCM

Description

This analysis sugests a long trend.
Weekly chart show us that we hit the bottom and the monthly show us a target at @0.89424. After that there are a possible retracement and then the long position continues to @1.06141.

This analysis considers the mode value and not the price value.

Trade closed manually

Sell my position for now with profit. I think the market will be bearish for some days before continue with the bullish

Comment

Here we can see we hit the top for a couple days:

Comment

As shown in the last char:


Waiting for the best time to reenter.
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