We look to Buy at 0.6593 which is 61.8 Fibonacci level also the ema level
Spotlighting a strategic long opportunity in AUD/USD at the 0.6593 mark, aligning precisely with the 61.8% Fibonacci retracement level and closely supported by the 100-period EMA.
This confluence zone not only highlights a significant technical juncture but also reinforces our medium-term bullish outlook.
We expect setbacks to be constrained to yesterday's low, indicating a robust support level at 0.659. As we anticipate a corrective dip, this setup offers an attractive entry point with optimized risk/reward potential.
Stay tuned for updates, especially as unfolding news could impact market dynamics and affect this trade strategy
Spotlighting a strategic long opportunity in AUD/USD at the 0.6593 mark, aligning precisely with the 61.8% Fibonacci retracement level and closely supported by the 100-period EMA.
This confluence zone not only highlights a significant technical juncture but also reinforces our medium-term bullish outlook.
We expect setbacks to be constrained to yesterday's low, indicating a robust support level at 0.659. As we anticipate a corrective dip, this setup offers an attractive entry point with optimized risk/reward potential.
Stay tuned for updates, especially as unfolding news could impact market dynamics and affect this trade strategy
Trade closed: target reached:
Pretty smooth trade , we sell I posted some calls in the minds