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JohnnyB61887

Potential Long position coming up in the next week for AUDUSD

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Dolar Australia / Dolar A.S. (FX:AUDUSD)  
JohnnyB61887  
FX:AUDUSD   Dolar Australia / Dolar A.S.
Trend Analysis AUDUSD long-term
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trendanalysis audusd long-term
Looking at the Monthly chart, you can see how strong the AUD has become against the USD. We are currently breaking through the 50 and 21 day moving average. As of 8/29/2020 there is no sign of weakness. Now looking on the weekly chart or daily chart, I am anticipating a retracement back to one of the 2 levels marked on my chart. I will be waiting and watching for this retracement and price action at these key levels. Once I receive a buy signal from the price action I will be placing a buy and plan to hold for awhile and hope to find multiple entries as price continues an uptrend. This is my view. If you have comments, please share.
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