AUDUSD Long on Trend Line, Fib Zone and Support
We are expecting the market to continue to drop to the 38 Fib Zone, which is on a Ascending trend line, and also 4hr Support level.
We a looking to buy at 0.79964, we have set our TP around 600 Pips up on the weekly resistance level, but will be actively managing the trade and moving SL once we are around 40 Pips in profit.
We a looking to buy at 0.79964, we have set our TP around 600 Pips up on the weekly resistance level, but will be actively managing the trade and moving SL once we are around 40 Pips in profit.