Godal Member's, Traders and Aspiring Traders . Todays shared post is on .....
Pair : AUDUSD
Time-Frame : DAILY
Biased : Shorts / Bearish
Outlook: Currently the market is in a bullish falling wedge . Instead of waiting for a breakout for a potential reversal trade. I will be waiting to see how price action reacts in the circle drawn for potential continuation of the ABC pattern . If price action forms entry criteria in the identified zone. I will be looking to take a trade for further downside.
Pair : AUDUSD
Time-Frame : DAILY
Biased : Shorts / Bearish
Outlook: Currently the market is in a bullish falling wedge . Instead of waiting for a breakout for a potential reversal trade. I will be waiting to see how price action reacts in the circle drawn for potential continuation of the ABC pattern . If price action forms entry criteria in the identified zone. I will be looking to take a trade for further downside.