2021/11/12 08:43 AM -AUDUSD – DAILY – TREND REVERSAL – BUY

AUDUSD – DAILY – TREND REVERSAL – BUY by Ironman8848 on TradingView.com

THE 61.8% Fibonacci retracement @ 0.727790 has been filled overnight; currently in recovery progress, daily clouds support zone has also be tested.

Looks like a good buying opportunity (around 0.7290-0.7305) calling for a recovery towards the cluster of TS KS ahead of MBB (0.7403 -0.7443)

Watch ongoing support trend line (in red) and put a stop loss below in case it goes on the wrong side.

All the best take care.

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All views expressed on my analysis are my own and do not represent the opinions of any entity, whatsoever with which I have been, I am now or I will be affiliated with. Any action you take upon the information on those analysis is strictly at your own risk and should not be considered as an advisory. The author assumes no responsibility or liability for any errors or omissions in the content of his analysis. The information contained is provided on an «as is» basis, with no guarantees of completeness, accuracy, usefulness or timeliness and without any warranties of any kind whatsoever, express or implied. 

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