dchua1969

The clock is ticking .....tick Tok, tick Tok

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
if you did not buy at 0.632, catching it now is risky, imo. It has reached the resistance level as shown on chart.

Let's wait for it to break out from the resistance and see that it can be sustained above before initiating a long. For short, ensure it breaks down from the bearish trend line first.

However, I am more bullish than bearish at this juncture as it has broken out of the bearish trend line on the bigger time frame, the Day chart.
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