AUDUSD Pristine Entry Price 0.707 3/5/19

Trading Discussion Currencies
1

Confident in short-term outlook with a target of 0.715, duration 1-4 weeks.
Longer duration outlook 1-3 months with a target of 0.735.

2

There was no demand on the 5th. I would suggest something like the below

audusd
audusd1863×923 47.6 KB

3

AUDUSD dropped to 0.701 but still looks good for 0.715 target.

4

Yes I agree. I think your/my prediction is likely. I hope your can see why price continued to drop to 0.701. The was no demand on the 5th and price reacted off both demand zones before the rally began. Who needs indicators…

5

Price levels are more relevant than indicators from longer-term outlooks.

6

March 21 2019 AUDUSD quote 0.7165, 0.715 target cleared from posted 0.707 in 16 days which was inside the 1-4 week target duration.

It was a successful trade idea.