Interesting setup at the moment. After breaking out of the falling flag in the DAILY timeframe the pair decided to give itself a rest and started a small correction.
After the above mentioned breakout was confirmed, we decided to wait for cheaper prices and put our money on a LONG position once the time deems right. As a trigger we agreed on the 0.5 and 0.618...
If you are looking to 'go long' then this might be your chance! Well worth a try, with a tight stop, just below the current (2) (not drawn on the chart) would open up a pretty nice chance/risk ratio.
Based on this analysis and despite the news of the past few weeks the next MINIMUM target will be $5375.
I will keep on updating this trade as I have opened a...
Dear community,
this is my very first piece I want to share with you and I am quite excited about this one as it could turn out to be quite a winner. Feedback is always welcome!
On the business-side of things;
I have been watching this pair (AUDUSD) now for quite some time, waiting for a good chance to buy. The basis of this is very simple, following the...
