Loomy

Potential reversal coming up on the Aussie

FX:AUDUSD   Dollar Australien/Dollar Américain
I'm sure a few of you have been trading the current bearish trend for the Aussie dollar. I know I certainly have, I see a descending wedge on the daily which is a potential reversal sign. I would watch for a potential break anywhere along the wedge, and wait for a pull back and retest on a smaller time frame. I think this would present quite a bit of profit if you can correctly trade the trend reversal if it occurs.
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