anilmangal

AUDUSD still in the up trend

FX:AUDUSD   Australian Dollar / U.S. Dollar
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Hi Guys , the AUDUSD is at the bottom of the up trend. Wait for a flag before any sell. It could still make another high based on the type of structure it's making.

Remember trading is forecasting , you first make a forecast as to the direction of the market then you take a trade in that direction , so if you can't forecast you can't trade.

Trade with care
Thank you for your support.
Comment:
looks like we now might have an entry here at the hourly, right?
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Hello Anil, Could you please update this pair? It is relay interesting - I'm observing it quite long time and I'm waiting for the down move.
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This pair may have more up before the down. Small area of resistance on the 4 hr but may also go up to create "X" wave
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I may have drawn this wrong, but does this look like a breakout of a flag correction, or could it be part B of a larger correction?

+2 Reply
Macncheese nxtleveltrader
It seems to me like a breakout.
+1 Reply
anilmangal Macncheese
yes it just broke out after a small correction.
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nxtleveltrader anilmangal
Thankyou guys. Would an entry now be sensible enough with a stop above the correction? If not an entry after its broken the daily uptrend correction?
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Nice work Anil...
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thank you very much anil.
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