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Jase_jj

Can AUDUSD bounce from major level of support?

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Jase_jj Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Chart Patterns Trend Analysis audusdlong
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chartpattern trendanalysis audusdlong
AUDUSD is currently bouncing around on a daily level of support. Price action has reversed many times from this level. Adding our confirmations is sellers exhaustion on the previous daily candle's closure. The risk to reward on this setup is looking good. Long position opened at 0.70750 with a 20 pip stop.
Comment:
Waiting to see upside momentum to set profit targets
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