SerialTrader

Long term outlook in the AUDUSD - Daily Chart

FX:AUDUSD   Australian Dollar / U.S. Dollar

The price in the AUDUSD             is inside a triangle pattern , and whatever be the direction that the price is going to go, the oportunity to trade this pair is huge because the position where the price is.

For the risky traders, to buy this pair it's recommended to wait until the price get close to the A-C line, just below the 144 EMA . But, you have to be cautious in case that the price break out that line in the bearish direction to change your strategy to the sell side. The other way in where you could buy this pair is waiting until the price break out the triangle in the B-D line.
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