Wise Forex & Stocks
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I post stocks and Forex analysis here for swing trading strategy. Mostly higher timeframes.

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📈 USD / AUD 📉

Retracement switched to consolidation stage here with support at ~1.537. Should retest 1.6 resistance zone sooner or later. Green support zone should be considered as safe long entry, although it might not fall there before the move happens.

🛒 Support 1.537 / 1.522 / 1.50 / 1.479
🎯 Resistance 1.563 / 1.574 / 1.599 / 1.624

@WiseForex #AUD #USD #USDAUD
If you are looking for the strongest support you can think of, tit is the one USD/AUD chart is now. Open month timeframe to see it yourself.

Good chances for a nice bounce from this level. I'm talking about 270-300 pips at least with higher targets at 1.47 for 500 pips.

If that support will be broken, still this trade sounds fantastically safe, as its almost 99% chance that price will come back to the same zone, so after average cost at 1.41 or lower 1.3955 you'll be able to exit in profit 😉

@WiseForex #USDAUD #AUD #USD
Wise Forex & Stocks
If you are looking for the strongest support you can think of, tit is the one USD/AUD chart is now. Open month timeframe to see it yourself. Good chances for a nice bounce from this level. I'm talking about 270-300 pips at least with higher targets at 1.47…
Am I genius or what? 😎 Told you - this trade was an opportunity of a lifetime. Dipped into support zone, bounced from 1.4201 and already got to 1.4491. This makes 290 pips in 8 hours time.

Taking some profits at 1.45 resistance and increasing position size at 1.4355.

@WiseForex #USDAUD #AUD #USD