AUD/USD on the 4hr is looking really, really good. If I could trade options without crappy spreads on the currencies, I'd be buying volatility here with an expiration in August.
When we see three Reversal Tabs in a row on a chart, side by side, that's an indication that we're going to see a substantial breakout that is at least as large as the range inside of which those tabs appear. This is another way of saying that we're going to see a hell of a move in AUD/USD over the next 30-60 days.
I'd have a profit target of at least 400 pips on either the buy or the sell.
When we see three Reversal Tabs in a row on a chart, side by side, that's an indication that we're going to see a substantial breakout that is at least as large as the range inside of which those tabs appear. This is another way of saying that we're going to see a hell of a move in AUD/USD over the next 30-60 days.
I'd have a profit target of at least 400 pips on either the buy or the sell.