USDAUD- Looking For A Bullish Move From this Level
Friends,
Eager to buy in after a morning star signal, we have seen nice follow through buying since the signal, bringing up back to have a retest of the previous main channel.
Very promising potential. I will look again on Monday.
Weekly chart looks good, with a large bullish pin bar, rejecting bearish levels with aggression. A lot of positions were clearly bought at this level, hence creating the signal.
PLEASE NOTE: Vlad.Adrian has kindly pointed out the stock hasn't gapped, but rather an error in the data stream. But the idea is still one that can be used.
thanks,
Tom
Eager to buy in after a morning star signal, we have seen nice follow through buying since the signal, bringing up back to have a retest of the previous main channel.
Very promising potential. I will look again on Monday.
Weekly chart looks good, with a large bullish pin bar, rejecting bearish levels with aggression. A lot of positions were clearly bought at this level, hence creating the signal.
PLEASE NOTE: Vlad.Adrian has kindly pointed out the stock hasn't gapped, but rather an error in the data stream. But the idea is still one that can be used.
thanks,
Tom