Hello Traders,
Here you go for the AUDUSD analyst as price move within the descending channel and currently price was respecting the major support on the trend line. Therefore before we place the trade, please wait for the buyer to come in by the impulsive movement and retest the minor support. Please kindly see the confirmation until the price was confirmed at the next higher low area and noted there is no point to buy at the bottom without good or solid confluences.
Please Mind your core principles of your trading confluences before taking the price in order to take this idea to trade with proper risk management.
Disclaimer
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Cheers,
Ochin_FX
Here you go for the AUDUSD analyst as price move within the descending channel and currently price was respecting the major support on the trend line. Therefore before we place the trade, please wait for the buyer to come in by the impulsive movement and retest the minor support. Please kindly see the confirmation until the price was confirmed at the next higher low area and noted there is no point to buy at the bottom without good or solid confluences.
Please Mind your core principles of your trading confluences before taking the price in order to take this idea to trade with proper risk management.
Disclaimer
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Cheers,
Ochin_FX