Last couple of weeks were extreme in the market, many times price action failed and technical analysis did not respond. With that, i will feel safer to swing daily candle this week on AU.
I see a strong resistance around 0.73 and also this institution channel will be retested. Also De40 and uk100 failed to fill the gap of yesterday. I will move my SL if price moves 50pips in my favour and I will go for 1:3 trade
I see a strong resistance around 0.73 and also this institution channel will be retested. Also De40 and uk100 failed to fill the gap of yesterday. I will move my SL if price moves 50pips in my favour and I will go for 1:3 trade
Trade closed: stop reached:
In a Risk off sentiment, AUD needs to go down however this currency gained momentum. Maybe it is too far from war zone i have no idea, I will not trade EURAUD and AUDUSD for a while, technicals are not working