If you are looking for the strongest support you can ever think of, it is the one USD/AUD chart is now at 1.420-1.425. Check month timeframe to see it yourself (or even year tf).
Good chances for a nice bounce from this level. I'm talking about 270-300 pips at least with higher targets at 1.47 for 500 pips.
If that support will be broken, still this trade sounds fantastically safe, as its almost 99% chance that price will come back to the same zone, so after average cost at 1.41 or lower 1.3955 you'll be able to exit in profit 😉
Note
Didn't listen to me? Shame on you. Already +400 pips =)))Trade closed: target reached
May I say that my promise is now fulfilled 😎 Target 1.47 reached and profit up to 591 pip 🤑
May actually grow up to 1.485 within this week.
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FREE telegram channels:
Crypto reviews - t.me/WiseAnalyze
Crypto chat - t.me/WiseAnalyzeChat
Crypto watchlist - t.me/WiseAnalyzeDCA
Forex/Stocks - t.me/WiseForex
Crypto reviews - t.me/WiseAnalyze
Crypto chat - t.me/WiseAnalyzeChat
Crypto watchlist - t.me/WiseAnalyzeDCA
Forex/Stocks - t.me/WiseForex
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.