We are looking to go long on AUDUSD, this position will most likely stay on our radar and start up during the next trading week as we are a few hours away from market close.
HL - SM = CONFIRMED
HL - PV = AWAITING CONFIRMATION
Trade will start off from rejection off our 61.8% extension level which is priced in at 0.66843, and we will look to make our exit at our 61.8% fib retracement which is priced in at 0.70171. If we complete full long position we will net ourselves 326 pips in profit. We recommend locking in 50% of profit at 0.68865.
HL - SM = CONFIRMED
HL - PV = AWAITING CONFIRMATION
Trade will start off from rejection off our 61.8% extension level which is priced in at 0.66843, and we will look to make our exit at our 61.8% fib retracement which is priced in at 0.70171. If we complete full long position we will net ourselves 326 pips in profit. We recommend locking in 50% of profit at 0.68865.