AUDUSD seems to be reversing the long term downtrend that started in July 2014. There's only one week left in the largest mode's signal, and after exceeding the target, price formed a double bottom, and we observed a very strong rally emerge after its completion. I'll be placing pending long orders here, similarly to NZDUSD, to try and capture the uptrend if it were to materialize. If I don't get a fill, then I'll have to look for different entries. Good luck, and remember to check out my signals page at collective2.com. I offer live updates and trade management cues to minimize risk and maximize profits.
Cheers, Ivan Labrie
Time at Mode FX
Trade active
⋅
Placed pendings.
Order cancelled
⋅
Cancelled pendings for now. Idea still valid, but need the daily to top and retrace first.
Comment
⋅
Waiting, needs to trigger the entry, and needs more time to correct...or the scenario changed and we should enter with a different technique.