AUDUSD – Role Reversal Level Holds & Profits
In our members daily market commentary yesterday, I suggested getting long around the breakout pullback level marked on the chart. This was because the price action was treating the prior resistance, now as support (a role reversal).
This trade worked out quite well, so hopefully you profited from it as well. The uptrend is still intact, so we’ll look to 9300 and 9325 for corrective pullbacks to get long. Upside targets remain the same at 9430.
Check out our latest price action piece, on Trading the False Break Strategy…... Keep reading