Buying Opportunities in AUD/USD - Friday, September 30, 2022. Limit Buy Orders Filled. Closed Out All Long Positions Before Target +$1,192.50

 

In the face of a super strong Dollar, all currencies were sold off aggressively. As a result, AUD/USD fell to a 29-month low at 0.6363 this week (Wed) and rebounded. The initial rebound was strong having hit 0.6531 for a rise of 168 pips. While prices have since eased back, it does not look like the counter-trend rally is over just yet. The pullback from 0.6531 is currently unfolding as a 3-wave and has the potential to extend lower from 0.6531 to 0.6435 from 0.66523 towards 0.6428 to 0.6402. If so, buying within this zone may present another buying opportunity.

TRADE IDEA

#1 Buy Limit @ 0.6428. Order Filled (Sept. 30, 22:59pm) Closed @ 0.6490

#2 Buy Limit @ 0.6402. Order Filled (Oct 1, 04:13am) Closed Out @ 0.6490

All Stops @ 0.6348

All Targets @ 0.6595 (Closed Out Before Target is Hit) Oct 5, 10:14am SGT