AUD/USD trade idea
Updated
So when we look at the chart we can see that the price has broken a resistance zone.
What I want to do now is to wait and see if we can get a pullback to the resistance zone and see if it is going to react like a support zone. If we can get that then we could go long to the other resistance zone that we have in the Daily chart.
There are 2 things that we can do. We could just go long when the market opens and get some profit when the price does not pullback. The other one is that we could wait and go long after a hit on the lower resistance zone.
Trade Idea 1
Trade Idea 2
What I want to do now is to wait and see if we can get a pullback to the resistance zone and see if it is going to react like a support zone. If we can get that then we could go long to the other resistance zone that we have in the Daily chart.
There are 2 things that we can do. We could just go long when the market opens and get some profit when the price does not pullback. The other one is that we could wait and go long after a hit on the lower resistance zone.
Trade Idea 1
Trade Idea 2
Note
Not active for now. Price is struggling to break and go up. Keeping an eye on volume and see what the news tells us.
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