Aussie is in an up trend.
The market is held up by a strong level of support at 0.9200.
Chart below:
Price has moved away from the support and the averages have crossed to the upside.
I am looking for a long position in line with my ATC strategy.
Levels and chart below:
1st Entry: 0.9280
2nd entry: 0.9270
Averaged entry: 0.9275
Stop Loss: 0.9235
Target: 0.9475.
I will update again when I am moving the stops to eliminate the risk.
Namatse
MDT
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