AUD/USD E-Wave

Aussie Dollar in a 3 wave structure down, Dxy stronger amid FOMC

Note

retrace to 61.80% fib, bears come in from here

Note

TP1: 0.7540 was hit prior to FOMC 0.25% hike in intrest rates

Be sure to book some profits and bring SL to break even for other LOTs

Note

We are now approaching trend-line, show caution, hold positions but bring SL into profit (at least 30 PIPs). if trend-line breaks we could be looking at 100 more PIPS at least

Trade closed: target reached

We have reached a support of 0.748 (100 PIPS Profit), now would be a good time to close positions if your TP has not already been hit. This pair is due a bounce / re trace before deciding where it sets up to go next.

Thanks

O.Hollis

MarubozuTrader

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