AbidRhmn

AUDUSD Bullish Forecast

Long
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
We have a fantastic opportunity on AUDUSD , the pair broke an important downtrend and it retested the broken trendline twice and it had a strong bullish move; Since the 6ht of October we had a clear view of the up trend that has been created in a small ascending channel with multiple touches on both top & bottom trend lines , right now we're expecting the pair to do drop around our entry zone area at 0.73880 where the price could potentially drop as it's a previous broken resistance zone , and we can now expect a retest on it in between the s/r and trendline area. The Fib retracement is looking absolutely fantastic as it's supporting the whole analysis in a perfect way, therefore right now we have some great potentials for the market to follow our analysis!

Let's patiently wait!
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