TheForexSamurai

Is AUDUSD downtrending over? Is it time to long now?

Long
FX:AUDUSD   Dollar Australien/Dollar Américain
I am looking to long this market probably on a possible bullish 2618 trade setup as market gave us a valid and ideal double bottom together with a bullish divergence in it. Ill be waiting for a pullback (lower price) to enter long and stops just below the double bottom and targets as seen on the chart. This could take a while. This could serve as my market directional bias, will look for a potential bullish setup on the lower time frame with precise and tight stop loss and will try to manage from there. Trade with care.

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