Wait for Long entry

FX:AUDUSD   澳元/美元
0.7500 is the next target to the downside.
It acted as strong level of support/resistance in the past and align perfectly with the 78.6% Fibonacci retracement & with the weekly trend line .
Moreover, we had a strong bearish momentum this past week & no sign of reversing.

To enter this trade, we'll be looking for reversal patterns ( double bottom , reverse head & shoulder, etc) around 0.7500 level.
A good sign would also be a break out of the counter trend line and a break of the previous Lower High.
I personally see this happen around 0.7575 lvl (previous weekly support).

A long term target could be 0.8340 (-27% fibonacci)

Have a good week & thank me later guys ;)
评论: Good profit now :D
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