I opened a long position last week. Still a good time to buy. Price is testing the broken resistance zone now support, the path with less resistance is to the upside. Aussie is getting stronger, I also have short positions on EUR/AUD and GBP/AUD, and I think the Dollar made a dead cat bounce last week and now is going down again.
Note
What a retest, went dipper than a thought, lol. I think I'm going to add. My SL is the red line if a weekly candle closes under it. My TP is beyond the blue line. Yes wide SL, this forex, very volatile. Trade closed manually
I'm taking the loss. I actually just opened a short position. Check out the HS:
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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.