“AUDUSD Approaching Major Support, Prepare To Buy” by trader MEX_Exchange — published March 25, 2018 — TradingView

AUDUSD             is approaching major support which presents us with a good buying opportunity to play the bounce.

Buy above 0.7639. Stop loss at 0.7577. Take profit at 0.7779.
Reason for the trading strategy (technically):

Price is approaching major support at 0.7639 ( Fibonacci retracement , Fibonacci extension , horizontal swing low support) and a nice bounce could occur at this level to push prices up to resistance at 0.7779 ( Fibonacci retracement , horizontal overlap resistance).
Stochastic (34,5,3) is seeing strong support above 2.9% and is bouncing up nicely with good upside potential.

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