We moved lower based on all USD movements and some decline in precious metals.
I still remain the view of buying for a larger move upwards at current levels 0.7200-0.7225 (add to positions if bought yesterday 0.7250-0.7260). As a note the 4-hourly is slightly negative, so I hope we can remain above the stop level.
Keep the stop-loss at < 0.7187 below and profit objective 0.7550.
I still remain the view of buying for a larger move upwards at current levels 0.7200-0.7225 (add to positions if bought yesterday 0.7250-0.7260). As a note the 4-hourly is slightly negative, so I hope we can remain above the stop level.
Keep the stop-loss at < 0.7187 below and profit objective 0.7550.
Note
stopped out, and will re-access the AUDUSD coming days for update on strategy. I still like it overall, but the breach of 0.7184 may cause lower levels to be seen. will revert on this one.
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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.