[May 01, 2019] Position - AUD/USD

eight.zero.three

Published: 01 May 2019 › Updated: 01 May 2019 [May 01, 2019] Position - AUD/USD

[May 01, 2019] Position - AUD/USD

This post is to highlight a AUD/USD trade in progress. Price action obtained via GoMarkets.

Position

Item	Description
Position	Long @ 0.7052(GoMarkets)
Status	Filled
Timeline	T2
Confidence of the trade	65%
Initial Target	0.71 (55MA)

T1 - 0 - 2 Weeks | T2 - 2 weeks - 6 months | T3 - 6 months to 3 years

Technical Analysis

Price Obtained by GoMarkets

Once again the all important 0.70 support was tested and successfully supported the price, for now. The ball is still in bear's court though, therefore if we're given a bounce back > 0.71 we very much should take it and run.

Disclaimer

While we believe in collaboration and working towards a common goal as good thing, it has in the past affected the way we trade so to keep this as consistent and drama free, we will not be replying to comments most of the time to keep this approach as streamlined as possible. You'll certainly see us making comments and upvoting other amazing posts though!

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[May 01, 2019] Position - AUD/USD