AUD/USD
After the big sell-off from that week, the AUD / USD starts to rebound a bit. I am looking for a small item to buy for a longer period. Wyckoff's theory (where the chart emerges from the consensus and the trend reversal) is almost book-like here. So be patient.
My take profit level is 0.78200, the round level where currencies tend to bounce the other way. So my expectation is that there will be a lot of supply, while anti-dollar sentiment should push the AUD up a bit.
Obviously, the best level to buy is 0.77200.
A threat to this scenario is the dollar index, which is now in a key place for a retreat (strengthening). For now, however, there are many USD short positions on the market, so this sentiment can still be used.
#OPINIONLEADER# #AUD/USD# #USDollarIndex# #COPYTRADENOW# #Signal#
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
-THE END-