AUDUSD
Updated
this is a very interesting pair in the market right now.
AUDUSD give us mix signal on different timeframe. Bearish on daily and weekly, but 4h is bullish as we just broke out the down short term down trend.
Price is now stuck in the range candle which I pointed out in the chart.
For buyers, its better to wait for price to retest the support before enter a buy.
Same for sellers, its much better to wait for price to break down the support and sell on the pull back.
Im personally bullish on this pair but things can change in the future.
Goodluck to everyone.
This is educational ideas, please do your own analysis before placing the trade.
AUDUSD give us mix signal on different timeframe. Bearish on daily and weekly, but 4h is bullish as we just broke out the down short term down trend.
Price is now stuck in the range candle which I pointed out in the chart.
For buyers, its better to wait for price to retest the support before enter a buy.
Same for sellers, its much better to wait for price to break down the support and sell on the pull back.
Im personally bullish on this pair but things can change in the future.
Goodluck to everyone.
This is educational ideas, please do your own analysis before placing the trade.
Comment
Price moved according to plan. For people who follow my call, you can move your stop loss up to break even point. Start taking small amount of profit from your trade.Goodluck
Comment
AUDUSD is about to break the resistance, and soon will make new high.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.