AUDUSD has finished an up cycle just now.
We can benefit from such topped out cycle and our target would be the last support level. If the market penetrated the top of this cycle, of course we will still see a slowdown in the uptrend and in that case I would wait for best opportunity to follow up the trend again.
Follow this idea since I'll update it.
Good luck,
We can benefit from such topped out cycle and our target would be the last support level. If the market penetrated the top of this cycle, of course we will still see a slowdown in the uptrend and in that case I would wait for best opportunity to follow up the trend again.
Follow this idea since I'll update it.
Good luck,
Note
Trade closed: target reached
We reached our target, I'll have a look for further opportunities.
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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.