AUDUSD Looking like temporary bottom
Hi all, a quick look at the Aussie dollar to USD.
We are currently consolidating on the monthly and weekly timeframes from being largely oversold.
Now we have a long wick with volume climax on the daily. (I take as an indication of bottom)
Good bullish entry is now with stop loss below the wick of the indicated candle.
I see 2019 making 15% gains then will be looking at a bearish entry sometime in 2020.
We are currently consolidating on the monthly and weekly timeframes from being largely oversold.
Now we have a long wick with volume climax on the daily. (I take as an indication of bottom)
Good bullish entry is now with stop loss below the wick of the indicated candle.
I see 2019 making 15% gains then will be looking at a bearish entry sometime in 2020.
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