AUDUSD bounced off the Daily Major trendline last week and bears have taken over
We anticipate AUDUSD bulls to enter the market at weekly lows around the 0.7000 area which would form a daily double bottom to take the marker higher.
You could either look for entries to take it lower or patiently wait for it to reach our area of interest. This is in confluence with DXY turning bearish as well.
Remember, these are not predictions. Our job as traders is to be objective and look for highly probable set ups and execute when the market confirms the move.
We anticipate AUDUSD bulls to enter the market at weekly lows around the 0.7000 area which would form a daily double bottom to take the marker higher.
You could either look for entries to take it lower or patiently wait for it to reach our area of interest. This is in confluence with DXY turning bearish as well.
Remember, these are not predictions. Our job as traders is to be objective and look for highly probable set ups and execute when the market confirms the move.