AUDUSD, key levels to watch for.
AUDUSD / 1W
Hello traders, welcome back to another market breakdown.
AUDUSD has been trading in a down trend this year. However, the price had been in a deep pull-back for the last 3 months.
The struction is still bearish on the monthly and weekly time frames. So, bulls should look where to take profit and bears will look to where they can short again.
Please checkout the chart for the next key level I'm watching for which is the breakout point where limit bulls are trapped in a bad trade.
Trade safe,
Trader Leo.
Hello traders, welcome back to another market breakdown.
AUDUSD has been trading in a down trend this year. However, the price had been in a deep pull-back for the last 3 months.
The struction is still bearish on the monthly and weekly time frames. So, bulls should look where to take profit and bears will look to where they can short again.
Please checkout the chart for the next key level I'm watching for which is the breakout point where limit bulls are trapped in a bad trade.
Trade safe,
Trader Leo.
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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.
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.