AUDUSD > The Trend is Shifting Up, Where to Buy!?
Analysis of #AUDUSD
Hi traders, today we will have a look at #AUDUSD
the momentum now is to the upside as you can see, we have this impulsive move-up after the market was unable to break its resistance level near 0.6500, which now becomes a support level.
the market now testing its trendline resistance on the daily time frame, of course, after the way the market reached this level, I am not interested in selling the market here, as we might actually continue to the upside.
what I prefer doing is to wait and see if the market pulls back to test its support level and look for a buy entry near support if the market shows a bullish reaction and valid entry with good risk to rewards
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Hi traders, today we will have a look at #AUDUSD
the momentum now is to the upside as you can see, we have this impulsive move-up after the market was unable to break its resistance level near 0.6500, which now becomes a support level.
the market now testing its trendline resistance on the daily time frame, of course, after the way the market reached this level, I am not interested in selling the market here, as we might actually continue to the upside.
what I prefer doing is to wait and see if the market pulls back to test its support level and look for a buy entry near support if the market shows a bullish reaction and valid entry with good risk to rewards
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.