Fake break lower on audusd?
although we broke lower out of the range, I am not convinced this is a downtrend. This looks more like a consolidation, before the next impulse that could go either way. I want to see a break of the short tremp trendline upwards before considering taking longs on AU.
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.