This is how i see AUD/USD for the next Week.
The possible push over the daily R/S could also be a Fake-out/Stop hunt.
The possible push over the daily R/S could also be a Fake-out/Stop hunt.
Trade closed: target reached:
After we saw a lot of rejection/support we had to close the Trade (if still open) but we are now again at the supply and it could be a re-entry.
But keep in mind we are at Christmas Holiday time and the market is very slow and has low volume - the Trade would be more risky.
But keep in mind we are at Christmas Holiday time and the market is very slow and has low volume - the Trade would be more risky.
You could take some profits now.
We have to look how the market will react at/in the demand zone to see if it will continue going down or not.