AUDUSD – ST Bullish, Attacking Key Role Reversal Level | Oct 6
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We’ve already booked 25 seats before promo’ing publicly, so the seats will go quickly as it’s a max capacity of 50 seats. Hence don’t miss chance as it’s most likely I won’t return to Europe/London till 2017.
I hope to see you there as it will be an awesome training and experience.
For now…onto the commentary.
AUDUSD – ST Bullish, Attacking Key RRL Next (daily chart)
Impressively gaining 5 days in a row, the AUDUSD had a strong bull close today and it’s largest one day open-close gain in over 20 days, and 2nd largest in two months. For now ST the pair is bullish and I’m expecting an attack on the RRL – role reversal level around 7260.
My guess is the ST bulls will take some profit here so there may be a good op for bears to get short. Impulsive selling from here would first target 72 and then 7150. Only a daily close above the 73 handle would negate my MT bearish bias.
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