AUDUSD TRADE IDEA (22 March 2024)
AUDUSD is currently in a demand zone. The red dotted line is called risk trendline, waiting for the break of that downward risk trendline before jumping in sounds like a solid plan. it's smart to be patient and let the market show you its ready to move away from the demand area. Plus, by waiting for the break, we are giving ourselves confirmation, which can help in making more informed decision. Just make sure to keep an eye on eye on news that might affect the AUDUSD pair while we wait. Happy trading
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.