USDAUD long position (15minute chart)
Strong down trend comes to an end showing a bullish hammer then went onto create a higher high and higher low.
Could be the start of new channel maybe ?
Broke through the previous resistance then rejected the newly support and entered the GOLD fib zone.
Also looks like the 2 SMA’s are going to cross.
I am fairly new to trading with a couple months experience, so please do your own analysis and leave a comment if you got the same idea or I would appreciate feedback on what you think on the pair
Could be the start of new channel maybe ?
Broke through the previous resistance then rejected the newly support and entered the GOLD fib zone.
Also looks like the 2 SMA’s are going to cross.
I am fairly new to trading with a couple months experience, so please do your own analysis and leave a comment if you got the same idea or I would appreciate feedback on what you think on the pair
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