AUDUSD Long: Potential Power Reversal

Dec 30, 2016

Hey traders! Aussie is showing some signs of strength into the new month as it tries to reach for some of those missed pivots. I like the signs we're seeing here with the initial bullish impulse. I want to be cautious, however, since the overall momentum is down. I like the long position over that strong resistance area to ensure the momentum has shifted. Otherwise, no trade. Cheeers!

Jan 5, 2017

Trade active

Solid impulse through buy stop and we have a nice powerful Wave-((iii))-of-C in the works. +40 Pips. Moving SL to breakeven. Good luck all!

Jan 9, 2017

Trade closed: target reached

Target has been reached on initial trade idea, however I have added to the position and am still long. All future updates will be provided here:

Jan 9, 2017

Note