AUDUSD | Fly me to the moon? | 9 Mar

8 Mar 2020

Simple and clear. Trendline broken, retest and fly?

This pair hit the 0.64400 region for the first time since 2009!
And it is showing great signs of bullish sentiment. Looking at the daily candles price action alone shows that there is many buyers that are buying the new "low".

Moreover, the "medium-term" bearish trendline is now broken, which further suggests that the bearish trend is dead.

Use proper risk management!

R:R ratio 1:4
Enjoy

10 Mar 2020

Emir iptal

What a WICK