Looking to short AU after it rebounds off of the 50 EMA (aqua color line) & the Ichi Muku Cloud :)
TP at .75530, a level that has been tested as support once in March and 2x in April. Potential 115 pips in profit. After which price action should rally back up.
Comments
anthony.pham00
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RBA interest rate decision this week so be cautious. I'm expecting them to keep rates on hold so price "could" bounce off this week..just a thought...my approach to this for a quick trade would be to see a double bottom then enter at bar close. Stops just below structure low and initial targets at or around that 76700..just my thoughts
jasenaura
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I agree that price will bounce back up after hitting support at around .75500. Thanks for the input Anthony!