It may be a good long trade opportunity as AUDUSD reached 0.618 retracement after breakout from double bottom.
Please see annotated chart for details.
Please see annotated chart for details.
Line 1 met 3 resistants before and now after a series of up and down the trend meets the resistant again and i believe that the trend will go lower again as previous happened Ps: Personal opinion , not a trading suggestion , trade your own risk, good luck.
wait for the 0.618 retracement a very nice short entry.
if the price go down to 2033 (i think it's an important strutrue resistance ) ,after that has a retracement watch the 0.618 fibo retracement @ 2081 short it. tp @2000 sl @2100
Please see annotated chart for details.
The AUDUSD has broken the up trend and has consolidate. I am looking for a sell on the breakout or the 618 fib. Trade with care. Thank you for your support.
Please see annotated chart for details on rationale.
sell on any rebound to 0.7635/50 target:0.7380/0.74 sl: 70pips