As the AUD rises to higher and significant levels combined with the high possibility of the USD interest rate cut to prop up the economy there is a possible reversal on the way.
I have chosen to enter at this level due to being high activity in relation to a typical reversal pattern and major Resistance levels being respected.
Disclaimer; I'll be waiting for the US markets to open and confirm the trend reversal before committing to the trade.
I have chosen to enter at this level due to being high activity in relation to a typical reversal pattern and major Resistance levels being respected.
Disclaimer; I'll be waiting for the US markets to open and confirm the trend reversal before committing to the trade.