forexTrdr
Long

forexTrdr AUDUSD - CHANNEL VISION

FX:AUDUSD   Australian Dollar / U.S. Dollar
Afternoon traders

With the ECB press conference now complete the market is now cleaner to enter other trades. In this case we are looking to get long Aussie Dollar versus US dollar after the pair have settled in oversold levels at support price of 0.6970 area. As per our chart work on trading view we have an ascending channel which is allowing us to set up for a great risk reward trade with stop loss just below the rising support and an upside potential towards 0.712 area as per our predicted bar chart work.

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Good luck trading

from the Team at forexTrdr
Order cancelled: Channel broken. Pair continuing into oversold and looking likely to test 0.69 support
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