AUDUSD: Will The Sinking Ship Provide Re-Entry ?
WHAT A FANTASTIC SHORT POSITION THIS HAS BEEN FOR THE AUDUSD TRADERS WHO CAUGHT THE MOVE @ 0.72000 AFTER THE DEMAND ZONE/SUPPORT BREAK WAS CONFIRMED.
NOW THE QUESTION COMES TO BEG: WOULD AUDUSD PROVIDE THE RE-ENTRY POINT FOR SOME OF US TO ENTER AGAIN AND SHORT IT?
With the FED tightening so aggressively, AUDUSD is bound to sink and the ideal target seems to be 60 cents. Currently the price is not far away from the target, so therefore here we would like for the price to approach 66 cents mark so we can short it.
Have a look at the main chart for full observation on this question. Note: trade is invalid shall the target hit first
Trade Safely & Cautiously
NOW THE QUESTION COMES TO BEG: WOULD AUDUSD PROVIDE THE RE-ENTRY POINT FOR SOME OF US TO ENTER AGAIN AND SHORT IT?
With the FED tightening so aggressively, AUDUSD is bound to sink and the ideal target seems to be 60 cents. Currently the price is not far away from the target, so therefore here we would like for the price to approach 66 cents mark so we can short it.
Have a look at the main chart for full observation on this question. Note: trade is invalid shall the target hit first
Trade Safely & Cautiously
