Hello traders good to be back with you again as we look at the AUDUSD currency pair. WOW who would of ever thought we would be saying the AUDUSD is bullish a month ago. Well things are changing and that is what is great about trading Forex. So the chart is a 30 minute chart as I have started to look at this time frame only because of the entry we can get. So let us look at the chart as you can see from a spatial intelligence this is bullish and if you look at the 15 min chart you will see the same. When you look at the daily chart is where you see this pair is very bearish and not bullish. However we are Macro Traders so we trade what is in front of us technical or fundamental that is what we do and issues that are going on all over the world effects are trades. So the chart is a bullish trade where we are waiting for the price to pullback to a Fibonacci level as marked with the rectangle and a bullish candle to take the buy trade. We always use the 161.8 Fibonacci as our take profit, there is nothing that says you can exit before. This trade has a very big stop for this plan, you can adjust that with your money management system you have in place. If this trade works there is great profits waiting for us. Talk Soon …..William
