At this time, the Australian dollar, following a steep downtrend ,is in the state of strong hyper sold. We believe that area 0.73 can provide good support to restart the movement in the opposite direction. A break below this threshold would probably push the price in 0.71500 area.We believe that the long-term trend is always upward So we will exploit the breakdown of the bearish trendline shown in the chart, to buy this pair. It is important to keep track of the gold market.
Kommentare
patterntrader
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Plotting chart setup professionally is a skill. Thank you for sharing this idea. Hope things come out well. Continue your good work.
Thank you.
gongambol
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@patterntrader, Thanks for your words, we are very happy that you appreciate our setup . Good work and best wishehs also to you for great results!
Thank you.