AUDUSD Bullish indecision
AUDUSD has been uptrending for a few days towards a very strong resistance. Price has been rejected many times in this area. Candlestick analysis suggests that price is slowing down. The candles have a lot of wicks and small bodies. However ADX suggests price is still very bullish. I will be awaiting a daily signal for a short. Anytime price is approaching a very strong buy exhaustion area, I become alert for reversal signals. Price usually decides to retrace from strong areas of interest.
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