AUDUSD - AUSTRAILIAN DOLLAR / U.S. DOLLAR - FOREX 4HR CHART

AUDUSD looks interesting by giving us some 4hr closes above the last leg down. It looks like it wants to reverse trend soon. My gut says LONG this thing but my brain says it hasn't tested the previous low properly. I could be wrong about that. I'm looking to take this trade, but I will be sitting on my hands waiting for a retest around 0.67010 or lower w/ stop below previous swing low. If this doesn't happen no worries we can find a place to get in on the way up.

Anyways, look for LONGS if you don't get a retest of 0.67010 area. NOT TRADING ADVICE - TRADE SAFE.

Commentaire:

She's still hanging around top of range, chopping people up and testing everyone sanity. I'm still waiting for a retest of lows and then pop. If that comes. HANG IN THERE BOYS AND GIRLS!

Commentaire:

Nice push down, didn't break range though. Hopefully you got long around 0.67010 area like I did as I was stated earlier to expect this retest. Took some profits and put stop at break even.

Commentaire:

Looks like we are still testing the lows. It is still holding. I'm still long on this, stop is at entry after taking profits.

Commentaire:

Let's go! Got a nice long going if she can just close above and hold, we will start our swing up. Stops are in profit. GG.

Commentaire:

GG