Hey Everyone, AUDUSD is Identified with HARMONIC PATTERN - BULLISH BUTTERFLY on Weekly Chart currently on M30 Chart there is Bearish BUTTERFLY and Hence it's not Ideal to BUY AT Current price wait for a minor correction in order to get in, These are the preferences, BUY AUDUSD - 0.71627 STOP LOSS - 0.68965 TARGET - 0.78979
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Would you recommend moving the stoplose at this point?
danielmulkerrins
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@danielmulkerrins, cashed out on this trade. Could be a big drop downward before the rise again.
FXCM
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I agree with your bullish view on AUDUSD. Our trading signal idea is also of the same bias. We have identified a bullish breakout of its descending resistance-turned-support line. If it surpasses its upcoming resistance at 0.7227 (50%, 23.6% Fibonacci retracement, 61.8% Fibonacci extension), if would further confirm our bullish bias.