Setup for Buy
Updated
My reason to buy for intraday trade:
No much comment can be made for this time. Yuan is making its way to recover, Aud could look for a higher standing before Thursday's FOMC.
Trade safe and stay awesome.
- Still sitting above the trendline in 15m chart.
- Bearish force still need more momentum to keep it down, a bullish spike is required to trigger the scene.
- A higher time frame pattern needed to be tested for the bearish confirmation, higher chances to push this pair toward more.
No much comment can be made for this time. Yuan is making its way to recover, Aud could look for a higher standing before Thursday's FOMC.
Trade safe and stay awesome.
Note
B Scenario seems more applicable here. Still, need to monitor a few hours. Most of the values from the indicators are pointing downward. We can't denied any upward possibilities, let the market do its work.
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.