Expecting a bounce at 0.67
Price went against my latest AUDUSD long idea, but my bias remains the same as we can see AUDUSD is in an uptrend. It is now approaching 0.67, a major demand zone. RSI showing a divergence. Expecting a bounce from 0.67 back up to 0.679. I will wait for lower timeframe confirmation before entering a long trade.
Trade active
Looks like 0.672 is the reversal level. A double bottom has formedNote
Price now fell towards the resistance zone; we can look to enter a trade here once we see signs of a reversal
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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.