nadextradinginstitute-admin

audusd short after short term buy opp

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
4
Due to the bears blocking the bulls at the .77483 range for a continuous
4 times we are now in a momentum shift the bears have taken control with the bulls ready to push back one more time. we can look for a very short term buy at the 78.6 retracement followed by a downtrend. I will wait for a break and first lower low after the trend break to initiate a sell
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.