AUDUSD GREAT OPPORTUNITY!!!We are getting a bullish movement in audusd. On the daily chart, we can see the trendline is supporting. So, it's pointing that the trend channel must be followed.
So, from this view, we can take a long position, with stop at - 0.63500 and take profit at 0.6700
A good risk-reward ratio we getting here.
BEST FOR SWING TRADE!!!!!
Thumbs up :)
Audusdshort
AUDUSD for the week AUDUSD was on clear down trend from last week but today it got a firm support from fibo 50 % and support 61 of weekly pivot. If you see previous chart it has bounced from the same price 3 times in a row before breaking it
in the current scenario if price breaks lower than 50%fibo the firs target be 0.7297 and 0.7214
in alternate situation a bounce above the price 0.7373 will call for 0.74458, 0.7528
from my experience of few years whenever price breaks weekly pivots it tends to hit the first and second resistance or support
Happy Trading