Medium-term Trading Idea FX AUD/USD – Sideways With Upwards Shoot: Likely Triangle Formation

Tags: 

Trading opportunities for currency pair: going against a bear trend. Wave “B” on the weekly is forming as a triangle. It could trade between 0.7100 and 0.7370 until the end of the year. As soon as wave B forms wave “e”, look to open long positions with small protective stops under 0.7016 and with a 0.7620 target. A closing of the daily candle below 0.7016 will cancel the triangle and any growth scenario.

Pages

Subscribe to Currency Exchange RSS