AUDUSD Short Term Buy
This is a counter Trend Trade Set up. The USD regained its strength last week. Friday, the bulls gave us a 23.6% retracement and took out the previous low, this is an indicator that price has strong potential to hit the 0.18 Fib Extension Level.
Price is too close the D Extension to sell, however once the .18 extension is achieved, I will but looking for price to pull back to the 61.8 zone, before a continuation to the down side.
Next week, I will be looking for short term buys on the 123 retracement.
Price is too close the D Extension to sell, however once the .18 extension is achieved, I will but looking for price to pull back to the 61.8 zone, before a continuation to the down side.
Next week, I will be looking for short term buys on the 123 retracement.
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.