Good Morning traders.
AUDUSD currently is consolidating in a 23.6% continuation fib retracement. This means that price currently has a majority buyers, 76.4%, and could still push up to the next Fib Extension. However, price has hit resistance a few times so its possible it could hit structure and fall as well. Will remain patient and enter pair once Lower Time Frames give me final confirmation. //
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Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
AUDUSD currently is consolidating in a 23.6% continuation fib retracement. This means that price currently has a majority buyers, 76.4%, and could still push up to the next Fib Extension. However, price has hit resistance a few times so its possible it could hit structure and fall as well. Will remain patient and enter pair once Lower Time Frames give me final confirmation. //
*****************
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
Trade closed manually:
Momentum changed on lower time frames. Took Profit @ .79646. Will wait for next trade to setup now.