Getting ready for the AUDUSD reversal at the Mid month.
At the time of writing, I am Selling due the the Psychological Line at 0.68 being respected. I am targetting the 0.677-6775 zone as that is where we have a double bottom/W formation which should give us a good indication that the up trend/reversal has started.
1st half of the month came down by 126 pips, my target was a 75% retracement then refining it down to the previous Daily candle high at 0.68540
At the time of writing, I am Selling due the the Psychological Line at 0.68 being respected. I am targetting the 0.677-6775 zone as that is where we have a double bottom/W formation which should give us a good indication that the up trend/reversal has started.
1st half of the month came down by 126 pips, my target was a 75% retracement then refining it down to the previous Daily candle high at 0.68540