For now we are staying away from trading in this pair. It is waiting for maximum positions of bullish... once it decide to hit those positions' SL then It will go high and probably it take a little retracement from 0.6930 area and then it may hit all the SLs for bullish positions.
If it did a retracement from 0.6930 and retouch 0.6900 - 0.6905 area then We will see for a bullish opportunity upon an H4 Candlestick formation.
Queries can be answered in comments...
Stay tuned for the signal in this pair... Patience is necessary.
If it did a retracement from 0.6930 and retouch 0.6900 - 0.6905 area then We will see for a bullish opportunity upon an H4 Candlestick formation.
Queries can be answered in comments...
Stay tuned for the signal in this pair... Patience is necessary.
Order cancelled:
Big Bearish Movement of AUDUSD invalidates our above price action analysis... Thankfully we didn't took any trade.
