AUDUSD update: Have we found a bottom ?
Erm yes we’ve found two rather nice ones. It’s called a double bottom at .7835 See chart.
HOWEVER staying above .7865 is key for bulls.
This is needed to have a go at the tricky ledge of .79 big fig If they can do this happy intradays for bulls
Swapped the TV screens for the trading screens.
Philosophy: "Define your risk, only then can you ignore it"
Read how Patrick got into trading here
Philosophy: "Define your risk, only then can you ignore it"
Read how Patrick got into trading here
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Hello Patrick! Yap we have a doble bottom and just below the 50% of the move dec – jan at 0.7818. The area (0.7894 – 0.7910) is a key one for the bull now. The 38.2% (dec – jan) 0.7894 acted as support one time and now it’s part of the resistance. Have a nice day!
https://uploads.disquscdn.com/images/bdc9731f9c396516d4910d1c4dc5514b8240c077acbe45eb02950ea9f8d6c46e.png
Hi Stephane
Many thanks for your charts.Happy trading!
Best
Patrick