AUDUSD. Possible long next week
Updated
Australian Dollar may be finishing the push down and start a new ascending impulse. This would coincide with the expected weakness of the US Dollar.
I will looks for longs at 0.74-0.7985 levels, targeting 0.80 by the end of October. Stop Loss order will be placed at 0.7290 as it will invalidate the Butterfly pattern I´m chasing.
I will looks for longs at 0.74-0.7985 levels, targeting 0.80 by the end of October. Stop Loss order will be placed at 0.7290 as it will invalidate the Butterfly pattern I´m chasing.
Note
I think the pair still has to re-visit lows, will sell from 0.77000, targeting 0.74Trade active
Sold 0.7715 and 0.7700. Moved at breakeven and holding shorts now. Not sure if it gets to 0.74 but 0.75 looks pretty realisticNote
Both patterns invalidated. I stay short until the end of DXY bullish run
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If there is no strategy that has proven itself successful, please do not trade with real money!
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