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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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.