AUDUSD: Update - Consolidating here will give us continuation
If AUDUSD is to hold here, and eventually break out, and cross the overhead resistance, we can see a massive rally take off, which you definitely don't want to miss. If you missed my previous entries, you may go long here, risking a drop under 0.7811. Keep risk to 0.5-1%. This is a swing trade setup.
If you want, additionally, or perhaps if more conservative, you may use our monthly setup stop loss: 0.75248. Upside is significant, so don't miss this opportunity!
Good luck,
Ivan Labrie.
If you want, additionally, or perhaps if more conservative, you may use our monthly setup stop loss: 0.75248. Upside is significant, so don't miss this opportunity!
Good luck,
Ivan Labrie.
Note
We didn't take too long and we already have a strong breakout out of the consolidation. We'll have to wait and see, hold longs and buy any setback from the previous daily close.
Note
Very constructive here. I added when we broke yesterday's low. I will sell partially a tad higher, while we wait for the breakout.Note
zerohedge.com/news/2017-02-23/infrastructure-stocks-tumble-report-trump-may-delay-infrastructure-bill-until-2018This is a fundamental problem with the Aussie rally thesis. We might just top against the resistance level here...hopefully not, but it could happen. I reccomend only holding the monthly entries, and not adding long entries up here.
Note
AUDUSD is outperforming Steel, Iron Ore and Copper...Remarkable, but the situation is worrying. I'm wathing to trade the chop. I'll buy dips and sell rallies, whilst not selling my long term position. It's already risk free with all the short term longs I closed in profit.Note
Holding, I added near today's low, twice. I'll close this short term trade rallying back to today's highs. Holding above here will be positive until the pair is ready to break out of this long term monthly range.
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🔒Want to dive deeper? Check out my paid services below🔒
linktr.ee/ivanlabrie
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Related publications
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.