Charlieab94
Long

AUDUSD Long Trade Set Up *TREND CONTINUATION 2.0*

OANDA:AUDUSD   Australian Dollar / U.S. Dollar
After recent success buying AUDUSD at 0.68500 and trading it up to 0.70, I am now looking to wait for price to pullback again before buying. The bullish trend seems well established with multiple higher highs and higher lows forming.

My ideal entry price is 0.69200 where the bullish trendline and intraday support/resistance zone over lap. This is a good zone which has proved to cause price to react previously. The 0.618 fib retracement level is also around this area.

I will be looking to trade this pair up to new higher highs at 0.70850 or more.

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Jan 02
Comment: Awaiting price to pullback in to my buy zone.
Jan 03
Comment: Price is approaching my entry zone with momentum. It may go slightly lower than 0.69200 and perhaps tap the fib 0.618 at 0.69126. This is not a problem and will provide a better long position entry.
Jan 07
Trade active
Jan 16
Trade closed: stop reached

Comments

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