AUDUSD was strong in 2018 and we were selling AUDUSD right from the top when it was at the 0.81. The fall was very nice and we enjoyed that fall very well.
Now its time to look for it to go back up and hit the 0.81 area again. This is a weekly chart it will be hard for you to get in the market on this weekly chart. Even this weekly chart is not ready to buy currently i mean. We dont have enough price action on lower time frame for reversal. Which means we still can see one more fall on lower time frame before we see reversal on AUDUSD . Once price start to rise you will have many buy opportunities on AUDUSD . In the same way the way you were having sells every time when it was correcting back on you guys were selling it.
How you can trade on this chart.
1. Let the price breakup the sharply once price do that you can join that sharp rise or let the price forms correction after that. Where ever you feel comfortable.
2. Let the price fall for one more wave. If so go for short term sell and once price hit the bottom look for solid price action and join the long.
3. Wait for my updates. For these updates you can follow my weekly market outlook where i show how to look for buy or short term sell on this pair. Or Simply wait for my lower time frame updates on AUDUSD .
Make sure early buys can end up with losing trades. Reasonable price action is required before you but your money in. If not sure what to look for before you jump in then i suggest you to learn that before you jump in.
In case price keeps falling and break below the previous lowe and forms new low. We will sell it on lower time frame for short term or medium term but we will remain longer term on this chart.
This is the longer term opportunity which should not be missed.
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