AUDUSD and NZDUSD: Weekly uptrend in place after W bottom

Analysis on chart.
Look for oversold readings in lower timeframes to enter long, ideally.
Target is on chart for each pair.
The chinese data has been positive for the time being, it's possible to see a retracement rally soon before the main trend resumes.

Good luck,
Ivan Labrie

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Almost 100 pips up since publication.

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Trail stop using a 10 period moving average of the lows or the 4 period moving average of the range (HL2).

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Trail SL

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Good retracement buy!

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Added to longs on retrace. Optimal today.

Trade active:

On track.

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(We can trail stops to 0.6695.)

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Might be wise to book some profits and place stop at entry price for the rest of this move.

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Minimal dent on NZDUSD, AUDUSD looks simply too weak.

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Safer to close NZDUSD long and wait.

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3.6R long.

Trade active:

Taking AUDUSD for a spin here.

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We trailed stop with our group and have orders to add to it.

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Had added at 0.72191, stop 0.71894, closed half at 0.7249.

NZDUSD, I bought 0.67733, stop 0.67594 and closed all at 0.68199.

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You can add to AUD again...weekly uptrend will confirm by this week's close...