On 3rd March (Wednesday), I talked about the re-test of the top band of the Flag pattern (exhaustion sign). In yesterday's analysis, I expected AU to have further bearish continuation to re-visit previous swing low at 0.7710 support zone , which was exactly what the market performed. In today's trading session, I will be focusing on short-term selling opportunities. Preferably, I need to see some pullback to activate further selling opportunities towards 0.7760 minor support zone . If the pullback is deep, you could use the 18ema to guide your short entries. However, as the market is slightly over-extended, avoid chasing without a plan.
The higher timeframe picture remains bullish , I'm only trying to capitalize on the short-term bearish sentiment in the market. Stay flexible.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
The higher timeframe picture remains bullish , I'm only trying to capitalize on the short-term bearish sentiment in the market. Stay flexible.
Trade safe.
Do follow my profile for daily fx forecast & educational content.