Australian Dollar / U.S. Dollar
Long
Updated

AUDUSD: RIPTIDE

281
Hi traders!

AUDUSD seems to just pattern itself out each time. We see again the same bottom that it made last time before firing up to +0.80

  • Clear divergence on daily MACD
  • Buyers found in this zone making multiple wicks
  • DXY finally top (resuming its downtrend)
  • Playing off those FIB extension perfectly


Here is my suggestion:

AUDUSD LONG:
ENTRY : 0.78654
SL : 0.78286
TP : 0.80506

Trade safe!

Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Note
SL TRIGGERED! OH NO! Small loss though! On to the next one.

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