AUDUSD : LONG And Short Setup
NOTE: This one requires Alot of Patience.
Monthly: Bullish TrendLine As it stands,
2011: Price Hitting Peak Levels and has been Bearish Ever since.
In 2015: Break of 61.8 (previous Support) Towards Downside Target of 0.786.
Price is NOW moving Bullish back up into the 61.8 (Resistance)
Price can either Break the 61.8 (bullish) & 200 Resistance With potential targets to 0.5
OR
Price Can Go bearish Once again Testing the Monthly Trendline.
This is a one to watch for. Potential of 500+ Pips either Direction. Not for the Faint Hearted.
Let me know your thoughts.
Monthly: Bullish TrendLine As it stands,
2011: Price Hitting Peak Levels and has been Bearish Ever since.
In 2015: Break of 61.8 (previous Support) Towards Downside Target of 0.786.
Price is NOW moving Bullish back up into the 61.8 (Resistance)
Price can either Break the 61.8 (bullish) & 200 Resistance With potential targets to 0.5
OR
Price Can Go bearish Once again Testing the Monthly Trendline.
This is a one to watch for. Potential of 500+ Pips either Direction. Not for the Faint Hearted.
Let me know your thoughts.
