AUDUSD: Bottom of the correction here

FX:AUDUSD   Australischer Dollar/U.S. Dollar
$AUDUSD appears to have finally found support from long term buyers. I added a key level obtained from a signal in the $VIX chart, which I usually use with $SPY, $AUDUSD and $USDJPY . This key level of support held, indicating strength of the long term buyers who stopped the decline in its tracks today. We can go long breaking Friday's high, with a tight stop under Friday's low, risk 0.25-1%.

Best of luck,

Trade ist aktiv: Long active since we broke the last daily high.
Trade wurde manuell geschlossen: I'd swap for gold longs here.
Trade ist aktiv:

I'm long from here.
Hey Ivan, Why would you swap for gold longs here? I agree long gold is a great trade to enter here but I think the aud could be a great trade from here too?
IvanLabrie oztrader22
@oztrader22, I don't want to have multiple correlated trades.
Long term take-profits are indicated by orange lines?
@leeeon, no, the white arrows are the long term forecast targets. But it's impossible to ride a monthly trend in forex in one go, using a daily entry with a tight stop like this one. So we exit and enter again periodically while the monthly is valid.
leeeon IvanLabrie
@IvanLabrie, Thank you :)
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Hope that :) thanks
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