Reason for Buying Aussie Dollar AUD/USD
- Bullish reversal candlestick: Hammering in a potential bottom for the short term
* could prove to be a weak Bullish Candle
- Climactic excitement on the two hour time frame of a 60 pip drop from a opening candle of 0.76310 to 0.75739, possible short squeeze
- Pre-set targets hit for low prices sought out, I was looking at these levels before as in buying near 75, bottom fishing at the lower points, dollar continued trading weaker for other parts of this morning
I don't see much reward in this trade but it will be interesting to see how it acts along with the Dollar Index.
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