Is AUDUSD going to break to the bottom?
AUDUSD reached the bottom trendline, it seems that when consolidation breaks it will sharply move down. It is very possible if we consider that during Asia Session we have Employment Change & Unemployment Rate news. If they are bad news it will do a sharply move down.
However keep it mind that it may have 1 more move up.
Be careful do not let your emotions force you to get in position early. Wait for break and then jump in.
I would like to have feedback so please comment below, i will be happy to read different opinions & ideas.
Thank you!
However keep it mind that it may have 1 more move up.
Be careful do not let your emotions force you to get in position early. Wait for break and then jump in.
I would like to have feedback so please comment below, i will be happy to read different opinions & ideas.
Thank you!
Comment:
It seems to be a fake break. We need to wait for a valid 1h candle under the trend line
