The pair is inside a large corrective structure in the daily, weekly and monthly time frames, currently sitting at the bottom of this structure. I would be looking for the proper buy setup materialize in the lower time frames to enter long and expect to reach the top of the structure within a week or two.
Note: This is a highly volatile pair and an intraday move down may have a couple hundred pips and can look like a break down and bring panic for the novice trader, it's advised not to go long until you identify the buy setup and validate your entry.
IMPORTANT: The setups posted here are not trade calls or signals and are intended for informative purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit thepiphunter.com and subscribe.
Kommentare
arif_awan
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piphunters
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yes! definitely trade of the year if it's working out as so.
Gambit24
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It Broke, however the hits on that Strong support are kind of messy, worst case, it hits that low from November last year 143.785, or It's all up from here. What do you think? Time to long?
presidenturnerv
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it broke but has not closed below yet
piphunters
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would need confirmation, if we are getting a strong AUD this pair may well go down
lovymaan20
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can i now enter in BUY postion and tp is 1.5200+ ?