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AUDUSD Buy the breakout or watch bottom for long

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Hi there,

AUDUSD is setting up for reversal. If you were in my weekly market outlook then i hope you are already long on AUDUSD from bottom.

AND if not then watch for this correction to breakup sharply and continue for pushing higher.

How you can trade on this chart.

1. Watch for short term bearish trend to break up then look for buy.

Or

2. If price dont breakup and keeps pushing lower and test the bottom then look for buy at bottom.

In case price dont breakout or hold the bottom and keeps pushing lower sharply then it will change the buy setup. Then we will watch for the correction before we start to sell the AUDUSD for one more drop. We are still in bearish trend we still can see one more drop before longer term trend reversal.

If price hold and rise sharply then we may see big rise on AUDUSD. Soon we will see that.

Good Luck.

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