Hi all,
Would just like to post a quick chart from my forex trading.
The Aussie Dollar is sliding and looks like 0.77 is up next. If it gets below this we might see quite a sharp dip lower.
In this chart we can see Stop losses clustered below 0.77
Let me know if you think it will hold or fall through!
Charts from here https://www.cashbackforex.com/#aid_166044
Would really need to see what the USD is doing now - but my guess is - a bit of a bounce here at support - then back down to lower lows. The trend remains down. Why don't you post and updated chart in a day or so - then we can see how wrong our guesses are? LOL
Thanks for commenting lou! Its hard to get any traction early on Steemit.
I posted a follow up as some interesting price action.
https://steemit.com/money/@keepcalmandhodl/aud-usd-nice-breakout-taking-out-stop-losses