CyberFxTrader

AUDUSD long idea - daily time frame.

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
If we look on the bigger picture, then we can see that all the way to the left, there is a ray-line pointing from a major high, and down to a lower high. When price came back at the ray-line for the third time, it then broke through. Around one month passed before it came back for a retest, with a double bottom. It had a nice retest with good reaction so far. It seems to beginning to gain some momentum up, therefore I will suggest that there's a high probability that it will continue up.
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