Type of Trader: Trend Trader
Pair: AUDUSD
Major Trend: Is a downward Trend -Price is at a lower high (resistance) price needs to sell to create a lower Low to continue the downward trend
Counter Trend: Upward Trend- Price is at a higher high (resistance)- Price needs to retrace to form a higher low (support) price needs to sell to create a higher low
Price also touch the trend line at a resistance at a resistance we sell.
Pair: AUDUSD
Major Trend: Is a downward Trend -Price is at a lower high (resistance) price needs to sell to create a lower Low to continue the downward trend
Counter Trend: Upward Trend- Price is at a higher high (resistance)- Price needs to retrace to form a higher low (support) price needs to sell to create a higher low
Price also touch the trend line at a resistance at a resistance we sell.
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