Aussie Dollars, high time to perform!
Updated
Some have bought when it reach the support line at 0.66793 but based on trendline analysis, we wait a while more for the price to break out of the bearish trend line.
There is a chance that it might revisit the support before rebounding but based on today's indices performance, who knows, we might see breakout from the current price.
There is a chance that it might revisit the support before rebounding but based on today's indices performance, who knows, we might see breakout from the current price.
Note
No, we are not gloating over the fall but from our trend line analysis view, it is not ready to go long till there is a break out. While the rule seems simple, sticking to it all time, every time can be challenging as humans tend to want to beat the system and think they can outsmart the system. Only monetary loss and experience will be the best testimonies if it stands true, hahaNote
3rd time testing the support at 0.6679. looks like it is well supported. Let's be patient and wait for the break out first.Trade active
we initiate our buy at 0.67254, SL at 0.66967. 1st target 0.67739
Trade closed manually
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.