hi everyone,
i missed closing on AUDUSD as i was at work this morning. still holding for a short term.
My view is bearish on the longer term ( Weekly timeframe )
There was a strong rejection last week but i think that technically the bears are looking to accomplish the figure (an obvious triple bottom) , they need to break that uptrend ( Red Line) to do it.
My approach is purely technical, if we bring fundamentals ( as Davit said Carry traders are on the AUD side) it gets me confused.
Congrats for the profits Davit and fibo
i missed closing on AUDUSD as i was at work this morning. still holding for a short term.
My view is bearish on the longer term ( Weekly timeframe )
There was a strong rejection last week but i think that technically the bears are looking to accomplish the figure (an obvious triple bottom) , they need to break that uptrend ( Red Line) to do it.
My approach is purely technical, if we bring fundamentals ( as Davit said Carry traders are on the AUD side) it gets me confused.
Attached Image
Congrats for the profits Davit and fibo
"Letting losses run is the most serious mistake made by most investors."W.O
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