AUDUSD: Monthly uptrend finally confirmed - Buy the dip
$AUDUSD took ages, but finally confirmed the monthly rally we were anticipating. I already rode it up from the bottom practically, but took profits today at 0.8040. I will try to rejoin this once we get a short term entry signal or if we hit monthly support below. For now, I'll wait and watch. The good thing is this is a big monthly trend and the target is significant, so we can get a lot of great daily trend signals on the way up, and countless add on trades too. Great time to trade Forex, after an excruciating sideways period of like 16 months.
Best of luck,
Ivan Labrie.
Best of luck,
Ivan Labrie.
Сделка активна:
Bam, dip bought.
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Looking very strong:
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$AUDUSD is now ready to move to 0.84+-, confirming on close today possibly.
Looking to add another entry by then.
Looking to add another entry by then.
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Ready to move higher from here.
Ready to move higher from here.
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Should have bottomed here.
Should have bottomed here.
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Critical now, if we break up from here we will rally to almost parity.
Many currency pairs show a rally to parity with the U$S is possible as well
Many currency pairs show a rally to parity with the U$S is possible as well
0.7682 - conservative monthly stop, risk 0.25-0.5-1%
0.77969 - aggressive daily stop, risk 0.25-0.5%