AUDUSD Long position

11 de nov. de 2023

Based on the rising wave during the last week and the Fibonacci pattern, we can look for a return of the price from the area it is currently in and look for a long position from this area. For risk-takers, there is a good entry point right now, but for more cautious people, we can wait for candlestick confirmation from this area and then enter the trade. Also, on Monday, there is no special fundamental that will affect this currency pair, we can expect this movement.