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THEGOLDSTAGE
Nov 20, 2017 8:14 AM

AUDUSD Long

AUD/USDOANDA

Description

Search for a trend change on the lower timeframes. The reason we go to lower timeframes is because there we can spot changes in trend direction faster than on the higher timeframes. Remember the basics of a trend change: HH/HL or LL/LH.
The change of the trend only matters when we are in a reversal zone. Patience is key to see a change in direction.

We are near a key trendline that has shown strong resistance the previous times. Count this as a confluence factor
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