There is a possibility that AUDUSD will head towards the previous trendline during 4-8 June 2018. RSI is showing rising momentum which may cause overbought position some time in between bringing about a subsequent drop in price in later periods.
What do you think then?
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Things to remember:
- Trade with care
- Do not overtrade
- Only overtrade when you want to see the market hit your stop and then reverse back in the direction of your initial position.
What do you think then?
-----
Things to remember:
- Trade with care
- Do not overtrade
- Only overtrade when you want to see the market hit your stop and then reverse back in the direction of your initial position.