AUD/USD Reversal
Updated
AUD/USD has been in a downtrend for awhile now. It is coming down to a possible reversal area at S1. It still has around 300-800 pips of potential loss. So wait and see it out in a couple of days, remember to always wait for confirmation and look for the right price action before coming down to the green area at S1. Definitely looks good so far!
Order cancelled
Price action was really bad coming down to S2 so luckily I didn't take the trade. Looks to be breaking through the support, not fully confirmed yet though.
Reversal is still an option even though it looks tough for AUD/USD right now.
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.