AUDUSD topping, but it could go up to 0.7573<>0.7592
Depending on your strategy you could short from here and add if it goes higher with stop above 0.7592 or hunt the top from here with tight stops.
If this plays true, min target 0.7208
next targets 0.7060/10 to 0.6860 (most probable min target to finish larger correction). Below that 0.66
Nice confluence with Gold, which was contained in my target area for a while but broke above it today. That made me reconsider a possible break little higher on AUD too. Nevertheless it is either a top or very close to a top, which represents a nice R/R opportunity.
This is a great Risk to Reward opportunity.
Take care
idejan
No comments:
Post a Comment