Everlon

AUDUSD possible LONG position

Long
FX:AUDUSD   Australischer Dollar/U.S. Dollar
Bias: Long Position

Rationale:
Based on the latest Commitment of Traders (COT) reports, there is a positive shift in market sentiment:

Increase in AUD Buying: The previous and current week's COT reports indicate an increase in AUD buying activity.
Reduction in AUD Short Positions: There is a noticeable decrease in existing short positions on the AUD.
These factors suggest a bullish outlook for the AUDUSD pair, as traders seem more confident in the Australian dollar's potential for appreciation.

Trading Plan:
I am looking to initiate a long position in the AUDUSD pair. My strategy involves waiting for the pair to reach a key support level or resistance level identified on the chart. This approach aims to capitalize on potential upward momentum while minimizing downside risk.
Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.