As the charts here show, we have hit the zone I was looking to buy at and will be looking to buy any weakness down here. I also talked about contrarianism in the sense that if the mainstream media is telling you one thing then the opposite is likely to happen. Do a Google News search, read the headlines and tell me the Aussie hasn’t bottomed!
Or just trade the charts below:
Trade idea: Look for longs down in the marked weekly zone. I’m looking for a weak push down through support on the hourly and a snap back up, retracing NFP on the pair.
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