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cecedidit
Jan 24, 2024 5:01 PM

AU D BUY IDEA 1/24/24 Long

Australian Dollar/U.S. DollarFXCM

Description

Price is breaking bullish out of a D Channel + forming a W off a D bullish Trendline. So I am looking for the W to be completed with some bullish continuation before continuing bearish.

Order cancelled

Price has closed below the previous low on the daily. I do not think that this W will happen at this point. If price buys up it will be from a different point and not where I had it marked up.
Closing idea
Comments
JoeChampion
Indices are rallying, one of my favorite long opportunity while indices are bullish is AUDUSD.
cecedidit
@JoeChampion, great to know. It's slow but it pays when trending!
TheFxAce
Such a well-structured argument for the bullish side. Great job!
cecedidit
@TheFxAce, thanks
SACBEnterprise
Awesome. Let's go
cecedidit
EastCostSI
That’s looks amazing
cecedidit
@EastCostSI, thank you
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