lzardoya
Long

LONG AFTER A RETRACE OF THE 50% ON THE DAILY FIBO.

FX:AUDUSD   Australian Dollar/U.S. Dollar
There has been formed a head and shoulders on h1 and it is recently been broken. We would love to see a 4h candle closing big and engulfing above the 0.739 level, which it looks like is soon going to happen. The Take Profit won't be till the supply zone . It will be till the 61.8 fibo retrace of the downwards impulse. Let's play it safe.
Trade closed: stop reached: After I posted the analisis, I knew it was gonna go wrong. The correlation table with the usdcad is about -74%. which means that if audusd goes up is 74% probable that usdcad goes down. and the analisis for usdcad was to go up, then, this Was for sure gonna go down.... Still have A LOT to learn.
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