does look familiar ?
that’s right , AUD/USD find itself into similar conditions for a third time…
the pair has some history meeting key Fib levels supported by the 200 EMA and as we recognize , so far has been manage to jump up right after that ,….
the only thing holding my longs into stand by ,
is the RSI holding under 40 level.
Lately price range have been very tight ,
meaning that whatever is the next move, is going to be huge.
In case you are not convinced going long , solution is
to place OCO.
Im looking for a double close above RSI 40 , as much close(above) to the Fib level, as possible.
Downside is limited by 200SMA and 38,2Fib ,
the Upside – free to 1,0600/50