AUDUSD - STRONG DROP - EXPECT COUNTERATTACK

After eleven days strong drop, Finally AUD printed a pin bar. 0.68 level is the lowest level since January 2016. Probably Counter attack will come at this point. Price could break hourly Down Trend and test Daily down trend. Chase for coming candles.

Entry Long : 0.68279
Stop Loss : 0.67443

Take Profit 1: 0.68843
Take Profit 2: 0.69543

This is not an investment advice. Investment is your own choice.

Comment:

After a pin bar, price move lower. But price likely show us a bottom formation. Hourly chart I could not see lower low progress. 4 times price rejected by the market. Daily chart, You can see massive pullback. Today close is important. Waiting inside bar or bullish engulfing candles for the entry long.

Comment:

AUD effected by RBNZ Interest Rate Decision. RBNZ cut rate 50 points. I am still expecting a correction. For the long entry, price need to break hourly down trend.

Trade active:

Entry Long : 0.67850
Stop Loss : 0.66443

Take Profit 1: 0.68333
Take Profit 2: 0.68933

This is not an investment advice. Investment is your own choice.

Trade active:

Target 1 done! 0.68333
Target 2 Waiting 0.68933

Stop Moved Entry Level : 0.67855

Trade closed: target reached:

Target 1 done! 0.68333
Target 2 done! 0.68933