AUDUSD: Probably bottomed here

I think the Australian dollar can start a rally very soon. I am averaging into a long position here. I have a tighter stop than shown on charts here, but this one also works. I would focus on sizing it to risk 0.5% of the account if stopped out, and aiming to ride a potential monthly uptrend in it.

Best of luck,

Ivan Labrie.

Kommentar:

Yep...We can now break out, if we do make new 52wk highs this is serious stuff.
Target for the monthly is revised to 0.90393.

Kommentar:

Beautiful.

Kommentar:

Monthly rally finally confirmed!
s3.amazonaws.com/tra...shots/v/VXE2tnM1.png
Target: 0.9039