A trade entered previously , market approached support of daily descending trend line channel which has been well respected in the past, resistance was shown (W) on lower time frames indicating a good long position with potential for movements to the upside of over 200 pips. Also noted it has been on a bearish run of 170+ pips since 27th February. Would ideally need to see DXY weaken which is expected in line with analysis. Update on 12/03/19: expecting markets to continue movements to the upside with clean rejection off the daily trend line with remaining TP at 0.715. TP1 and TP2 had already been hit.
AUDUSD daily on entry:
AUDUSD 4hr on entry:
AUDUSD daily on entry:
AUDUSD 4hr on entry:
Trade closed: target reached
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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.