AUDUSD 4-hour chart analysis, still within the channel.
In my previous AUDUSD idea, I told you to sell at 0.7263 and target the 0.7150 area as TP ( idea links attached below). As you can see, price dropped exactly like I had predicted and reached the 0.7150 level.
Currently price is at the bottom of the channel. So, technically, it could rally to the top of the channel once again. However, we need to wait for bullish price action and for price to go back above the 100-period EMA on the 4H chart once again before buying.
Currently price is at the bottom of the channel. So, technically, it could rally to the top of the channel once again. However, we need to wait for bullish price action and for price to go back above the 100-period EMA on the 4H chart once again before buying.
