AUDUSD: Breaking above the rate cut key level

Nov 7, 2016

AUDUSD is set to start accelerating as the massive long term accumulation pattern leads to a rally of monthly scale here. If not long, jump in now with 0.5% risk. Your downside risk is 60 pips give or take, for aggressive traders, and a drop back to 0.76 for more conservative long term positions.
Once we move above 0.7350, we'll have further confirmation that the long term rally I predict is underway and we can expect prices close to 0.84 to get hit.

Good luck,

Ivan Labrie.

Nov 8, 2016

Note

*above 0.7835

Nov 9, 2016

Trade closed manually

We closed most of the positions before the election, and closed the rest after the rapid drop started.

Now, we can get a new buy opportunity after the dust settles.

Nov 9, 2016

Note

Support is holding, we can take positions again very soon.

Nov 9, 2016

Note

Check out how the support held, I bought back the positions after closing higher last night today between 0.7685 and 0.7653.

Nov 9, 2016

Trade active

Nov 10, 2016

Note

Nov 10, 2016

Note

I closed upper entries and kept my last buy from 0.76335, stop 0.7579

Nov 21, 2016

Note