AUDUSD is now in a very interesting zone. Looking for a short entering off the 1H time frame, perhaps later today or in the morning when volatility settles down.
Comments
Cambista
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Wrong idea !!...You better follow mine...;-)
4XRandalll
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@Cambista, The Weaking AUD vs the Stronger USD, "Funny-Mentals" and my Trend Line Analysis, suggest a short setting up. And yes, I agree with you, we may see a complex bullish retracement, but as it counter-trend I will sit on the sidelines until i get my bearish trend confirmation. I am not predicting anything, just waiting for Price Action to tell me where its going.
Good Luck to you my friend.
@Cambista, my two small trades, short bounces off my Trend lines, stopped out. Too early perhaps. Now at a major multi-month trend line and strong resistance zone. I typically like to short off a zone like this.
Monday should tell me the direction for the week.
Cambista
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@4XRandalll, I told you...use EMA200 to guide you...and you will see the difference...