[May 01, 2019] Position - AUD/USD

in eightzerothree •  6 years ago 

This post is to highlight a AUD/USD trade in progress. Price action obtained via GoMarkets.

Position


ItemDescription
PositionLong @ 0.7052(GoMarkets)
StatusFilled
TimelineT2
Confidence of the trade65%
Initial Target0.71 (55MA)

T1 - 0 - 2 Weeks | T2 - 2 weeks - 6 months | T3 - 6 months to 3 years

Technical Analysis



Price Obtained by GoMarkets

Once again the all important 0.70 support was tested and successfully supported the price, for now. The ball is still in bear's court though, therefore if we're given a bounce back > 0.71 we very much should take it and run.

Disclaimer


While we believe in collaboration and working towards a common goal as good thing, it has in the past affected the way we trade so to keep this as consistent and drama free, we will not be replying to comments most of the time to keep this approach as streamlined as possible. You'll certainly see us making comments and upvoting other amazing posts though!

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