Key levels audusd
Yellow levels are daily support and resistance.
Red levels are h4 support and resistance.
There are two possible trades here, if PA suggests when the price trades up to the red level that there are loads of sellers I would short.
Otherwise if the red level breaks (which I think it might) that level is essentially useless to me as it was previously support.
However I will use the red level as a profit target if price trades up to the top yellow line (in that case I'd short).
The trade I would most like to take is going long if price gets to the bottom yellow line, again red line would be a good profit target
Red levels are h4 support and resistance.
There are two possible trades here, if PA suggests when the price trades up to the red level that there are loads of sellers I would short.
Otherwise if the red level breaks (which I think it might) that level is essentially useless to me as it was previously support.
However I will use the red level as a profit target if price trades up to the top yellow line (in that case I'd short).
The trade I would most like to take is going long if price gets to the bottom yellow line, again red line would be a good profit target
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