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chartwatchers
Oct 11, 2018 5:37 AM

AUDUSD - Divergences Long

AUD/USDOANDA

Description

Though AUDUSD is still in the down channel it's started to form divergences.
Price dropped below 0,71 but was not able to tag the channel's bottom. I'm afraid it can't drop to 0,7 so I'm starting an initial position (50%) . If it drops to 0,7 I will add the other 50% if not I just trade the bounce with a 50% margin impact.


Trade closed manually

Comment

Comments
FXCM
Thanks for sharing your idea, I am also bullish on AUDUSD, here is my idea on AUDUSD
kurt-dyanamik
Great stuff mate
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