At the moment price action may test the support areas. A strong trend line starting from 2001 until now. In additional Relative strength index showing bullish divergence. I am assuming Aussie strength. If you have any more ideas please share it. Thank you.
Comments
zjl
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Sounds very reasonable!
Trader-Mick
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Yes indeed!
pyramids_Forex
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It is down trade line my friend and it takes 3 months now to break up but it couldn't
Trader-Mick
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Could be a false breakout too. My 2nd Red horizontal line is not yet broken, That is the area I am mainly focusing on.
LaiptaiCervinskas
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Hello everybody, please see trading idea for this week regarding to AUD USD in the following video: youtube.com/watch?v=lDG14QQ_yz8
pyramids_Forex
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What about 5 wave and 0.886 Fib ?
Trader-Mick
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Well, I would not count that wave 3 Because its too short. Well, lets see what happens, Anything can happen mate. I just want too see how the two red horizontal levels react.