New Monthly Low On AUDUSD. Now What?
Hello Purpose traders. I am praying all is well. If you, like I, trade AUDUSD you'll see she has created a new low passing the January 2022 lows on the monthly timeframe.
I shared this trade idea early April with my community of swing traders. While I was able to profit from some of the drop the full drop totaled over 500 pips. How amazing right?
Now is where we become patient to see how low price can go before she retraces again. I'd love to see price partially pullback and stay below 0.72668 or rounded off 0.72670 exchange rate.
If this happens we could play the continued trend continuation side of the sell since she is in a downtrend.
I'd love to know if you sold AUDUSD and profited or if you value the updated analysis as I. Let's chat in the comment section below.
I shared this trade idea early April with my community of swing traders. While I was able to profit from some of the drop the full drop totaled over 500 pips. How amazing right?
Now is where we become patient to see how low price can go before she retraces again. I'd love to see price partially pullback and stay below 0.72668 or rounded off 0.72670 exchange rate.
If this happens we could play the continued trend continuation side of the sell since she is in a downtrend.
I'd love to know if you sold AUDUSD and profited or if you value the updated analysis as I. Let's chat in the comment section below.
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