AUDUSD - Long idea
Would like to see a retracement to areas of 74.00-73500 on the high RSI, before the continuation higher.
*Strong inverted hammer candle after taking out liquidity on daily tf
*Oversold on the RSI at 74.20
*Capital imbalance between wick points 75.195 and 74.848 (short term sell opportunity!)
*General weakness in the US Dollar; investors generally taking on riskier currencies with progress in covid vaccines
Could have the potential to go to 80 long term!
*Strong inverted hammer candle after taking out liquidity on daily tf
*Oversold on the RSI at 74.20
*Capital imbalance between wick points 75.195 and 74.848 (short term sell opportunity!)
*General weakness in the US Dollar; investors generally taking on riskier currencies with progress in covid vaccines
Could have the potential to go to 80 long term!
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