Fundamentally technical long on AUD/USD
We can see accumulation of long positions in blue square ( sell stops being hunted for liquidity, price bouncing off a range and no new lows being made), than thrust of price upwards.
Than pull back in which we are at the moment.
OI : Falling interest rates of aud/cad in last day suggest that falling trend we are in is coming to an end.
COT : Steady rise in long positions of big investors (smart money)
I will try to take long on 0.67500 level and hold it for 100 pips, meaby reduce position after first 50 pips,
Sl 30 pips
wish me good luck ;)
Than pull back in which we are at the moment.
OI : Falling interest rates of aud/cad in last day suggest that falling trend we are in is coming to an end.
COT : Steady rise in long positions of big investors (smart money)
I will try to take long on 0.67500 level and hold it for 100 pips, meaby reduce position after first 50 pips,
Sl 30 pips
wish me good luck ;)