AUDUSD: Finally in a bullish market condition
It’s been difficult to find trading opportunities this week (other than in the USDCAD), but apparently the end of the week has something for us. The AUDUSD broke an important long term resistance level:
This puts the AUDUSD in a bullish market condition, therefore only long positions are in play.
Here is my trading plan:
As long as the AUDUSD trades above 0.9335 I will be looking for long trading opportunities. All TP orders will be set below the next LT resistance level 0.9485
All short opportunities will be ignored.