AUDUSD : BIG BULLS NEVER CRY!
Hi traders!
Last week was so positive for last other pairs vs USD but somehow the AUD paused and consolidated when it reached some monthly resistance. The drop was quickly bought and now we are sitting exactly on our .786 FIB line. I don't see the USD gaining strength anytime soon. AUD seems to be the currency with the most upside this week since it didn't follow other pairs. DXY making majors lows, gold posting new highs only helps this rhetoric.
RSI & MACD right on cue.
I will go long from here.
Trade safe!
Last week was so positive for last other pairs vs USD but somehow the AUD paused and consolidated when it reached some monthly resistance. The drop was quickly bought and now we are sitting exactly on our .786 FIB line. I don't see the USD gaining strength anytime soon. AUD seems to be the currency with the most upside this week since it didn't follow other pairs. DXY making majors lows, gold posting new highs only helps this rhetoric.
RSI & MACD right on cue.
I will go long from here.
Trade safe!
Trade active
Opened long : 0.79129Trade closed: stop reached
Price went 50 pips above entry so I put SL 5 pips above breakeven. PA went back and touched my SL.Capital protected. Success!
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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.