AUDUSD finds itself at an important level of 61.8 Fibonacci of prior major swing. After showing a sign of consolidation
(cycle close) below that level Aussie is forming now a break out of the high, which could lead to long covering if enough of longs are trapped there.
For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel: bit.ly/1ba2SPJ
(cycle close) below that level Aussie is forming now a break out of the high, which could lead to long covering if enough of longs are trapped there.
For further information about my trading style, live trading videos and analyses, subscribe to my YouTube Channel: bit.ly/1ba2SPJ
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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.
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.