AUDUSD: Long and Short possibility

Updated

I am looking AUDUSD as a buy opportunity for the moment up to 0.7400 price zone. After that we have the daily trend line coming from upside that can be a strong resistance zone and it can be a good place for sell. If price will break the daily trend line (yellow) then we can be in another scenario. if price will break 0.7250 from where it is now then i am looking for short up to 0.7150- 0.7100. On daily chart we can see a type of contraction so we can be ready even for a reversal.

Good Luck!

Note

Daily chart-contracting wedge

Note

Price broke out the channel. If you are not on the trade yet, wait for another sell setup.

Note

KlejdiCuni

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