AUDUSD is most probably in wave B or 4 of wave C which should go one more leg up, we are expecting the market to move up and currently are in a triangle as wave B or 4
Long term trade:
Short AUDUSD at resistance level, once reversal is confirmed ( in Wave B)
Mid term trade:
Long AUDUSD targeting upper resistance level (in Wave C)
Short term trade:
Long & short at converging trend lines as price is in wave D of a triangle of wave B or 4 ( In wave D of ABCDE )
Volume is the key factor determining the markets move, so keep a close eye on it
Let see how this plays, Good Luck !
Disclaimer: This is for informational purposes only, anyone taking trades using this idea will be liable of their own loss
Long term trade:
Short AUDUSD at resistance level, once reversal is confirmed ( in Wave B)
Mid term trade:
Long AUDUSD targeting upper resistance level (in Wave C)
Short term trade:
Long & short at converging trend lines as price is in wave D of a triangle of wave B or 4 ( In wave D of ABCDE )
Volume is the key factor determining the markets move, so keep a close eye on it
Let see how this plays, Good Luck !
Disclaimer: This is for informational purposes only, anyone taking trades using this idea will be liable of their own loss
Trade active:
Currently holding long position, target is upper resistance level