woodgrayson

monday 9/18 audusd analysis

FX:AUDUSD   Australian Dollar / U.S. Dollar
What I'm seeing on the AUDUSD 0.17% chart tonight after viewing several different timeframes is potential for more downside before rise. I am looking for price to pin off of the current resistance trend line , then drop to the macro support trend line to change trend and continue rise. Although if price drops to macro trend line I would see how price behaves before placing any positions. I like the market structure tonight.

Comments

I am a novice....liked you analysis for whatever a novices opinion is worth. Price initially pinged as you predicted. Set up two small binary option lower positions @.79721 ( just over the top of your .79708 range) one expiring 1200 thai time, the other at 1500. At 0824 thai time new resistence has set up @ .79778/.79737. Interesting for me to observe and learn.
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