There is a Potential Long Trade on the Australian Dollar FOREX Currency Pair

There is a good potential long trade on the Australian Dollar / US Dollar (AUDUSD) FOREX currency pair. Conservative traders should wait to see if today closes in the top quarter of today’s price range before looking to get long. If the market does not close in the top quarter there will be no trade unless the high of the engulfing day is penetrated to the upside. More aggressive traders can get long as the market took out yesterday’s high at 1.0231. The initial stop is down below the lows of 1.0163. I urge you to watch today’s video to learn more about this trade. Have a profitable day and I will be back tomorrow for an update.

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