I am going long on AUDUSD for the reasons listed below:
1) It has been in an uptrend for quite some time now
2) It did a nice pull back to a critical area for me.
It hit a 61.8% fibonacci area along with a minor support zone for me
3) I will place my stop loss a few pips below the 61.8%
1) It has been in an uptrend for quite some time now
2) It did a nice pull back to a critical area for me.
It hit a 61.8% fibonacci area along with a minor support zone for me
3) I will place my stop loss a few pips below the 61.8%