Been a while since I updated AUDUSD . The current position has been a relatively slow one compared to the previous trades we had in the bull run. WE have peaked at 200 pips on this positions but currently sit at 150 pips profit. I do still think we will reach TP projection zone as we broke and closed and now trading above the moving average. Still overall bullish trend but I do see the strength slowing down. Keep holding if you did take it we may see some more quicker movement with the month end coming soon. GLIYF
Good morning all, today i’ve got a little setup on AUDUSD for which I haven’t traded for a long time. Since tapping into the big supply zone back in Feb we have seen a decline in price. We have broker through demand levels and now looks to be a bearish trend . I would like to see price pullback to meet the moving average so then we can sell down the demand zone below. That’s where I think the next reaction will take place regarding to the trend. It could break below for continuation or we could see a reversal there. Should be an easy trade to take so keep your eye out for that setup. GLIYF
