Can AUDUSD go above 0.75? Maybe not and here is why
I have been bearish on the AUDUSD for a while and next week I hope to capitalize on this weakness.
What is going for this trade is the fact that there is a strong double top from last week at 0.75.
There is also a bat pattern forming for a short around 0.7485.
Will wait for a trigger to short this guy. Will aim for the low of 0.7320.
What is going for this trade is the fact that there is a strong double top from last week at 0.75.
There is also a bat pattern forming for a short around 0.7485.
Will wait for a trigger to short this guy. Will aim for the low of 0.7320.
Trade active:
Pair is moving nicely with about 50 pips profit. Switching this to breakeven.
Trade active:
I shorted this pair at 0.7497 along with our whatsapp group. Made a really good 100 pip move. The target is 0.7320 with stops shifted to 0.7447 to protect 50 pips.