structuredtrader

AUD/USD finally turns and sets up (idea update #4)

OANDA:AUDUSD   Australian Dollar / U.S. Dollar
This was the sequence I was waiting for all week.

Bears reclaim control with strength, the move slices through the entire zone, THEN price stalls....it's a beautiful thing.

Please refer back to the attached ideas/charts from earlier this week, you'll see my commentary. Specifically, it's the strength of the move through the level that put this pair back into playable territory.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.