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DesharedPierreJr.

Time to go long on AUDUSD

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Dólar australiano/Dólar estadounidense (FX:AUDUSD)  
DesharedPierreJr.  
FX:AUDUSD   Dólar australiano/Dólar estadounidense
Trend Analysis Chart Patterns Support and Resistance buyaudusd AUDUSD reversal nakedtrading nakedforex Technical Analysis trader indecisioncandle 4hrchart
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trendanalysis chartpattern supportandresistance buyaudusd audusd reversal nakedtrading nakedforex technicalanalysis trader indecisioncandle 4hrchart
This pair has been retracing for a few days now. I believe that after Wednesday's close, price is very close to reversing. The presentation of an indecision candle on top of a major support and between the 23.6% and 38.2% fib, signifies that momentum is slowing down for bears. I would wait for more bearish activity during following hours, and potentially for buyers to come in while there's volatility. Reversal candlesticks on top of this support are valid buy opportunities for at minimum 80pips. Look to buy after a false breakout to the downside or after the final low.
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