AUDUSD
Updated
I currently don't see any setup. I am looking closely at this area that I marked in the purple as well as the blue line.
I think price will either continue on its bullish rally and reach both levels then revert back or price will get rejected by the current resistance level and if both scenarios happen I will buy the pullback to the support level. If none of these happen I won't enter into any trade.
I think price will either continue on its bullish rally and reach both levels then revert back or price will get rejected by the current resistance level and if both scenarios happen I will buy the pullback to the support level. If none of these happen I won't enter into any trade.
Trade active
This pair is very volatile, placed a short trade yesterday and I am currently in the negative. Just letting the market lead at the moment.Trade closed: stop reached
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