RonaldRayForeX

AUDUSD : LONG And Short Setup

FX:AUDUSD   Australian Dollar / U.S. Dollar
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NOTE: This one requires Alot of Patience.

Monthly: Bullish TrendLine As it stands,
2011: Price Hitting Peak Levels and has been Bearish Ever since.
In 2015: Break of 61.8 (previous Support) Towards Downside Target of 0.786.
Price is NOW moving Bullish back up into the 61.8 (Resistance)

Price can either Break the 61.8 ( bullish ) & 200 Resistance With potential targets to 0.5
OR
Price Can Go bearish Once again Testing the Monthly Trendline.

This is a one to watch for. Potential of 500+ Pips either Direction. Not for the Faint Hearted.

Let me know your thoughts.