Trade Ideas Analysis: AUDUSD Crash

2020-02-05 15:28:05

A break and close below the recent low by drive AUDUSD to the next level low at 0.6351 and that is possible just within this year.

If a further dip should have happened, I will be looking at 0.5365 to buy on an ABCD Pattern, which can happen as far as 3 years from now.

This is the kind of analysis that I wish that I will be wrong, but it all seems so possible right now.

My long term plan for AUDUSD, I will be looking for shorting opportunity and focus in shorting this pair.