TradingView
the5erstrading
Oct 8, 2018 8:51 AM

AUDUSD Analysis 08/10/2018 Long

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD 0.04% – On the hourly chart, we can see the AUDUSD 0.04% is after a long bearish momentum, usually After momentum like this I’ll prefer to wait for a reversal signal. If the price will break out the resistance Above it indicates the price tends to reach the supply above, in that case, I’ll look for P”A setup for buy Position, my target will be the supply above which is also a great supply of sell position.
More