In yesterday's analysis, I expected AU to have further continuation to the upside, which was exactly what the market performed. On 16th Feb, I've called a breakout beforehand, as I noticed majority were accumulating their short entries at 0.78 key resistance zone (top range), I will link it in the comment section below if you're keen to learn more about spotting a breakout.
In today's session, I will be remain neutral bias as the market is current on an impulse, and the market is quite over-stretched. Avoid chasing the buys as you'd not have a place to sensibly set your SL, do not act like the majority, think independently. 18 & 50ema are dynamic supports where I'll look for further buying opportunities. Stay reactive!
Do not forget the overall trend on the higher timeframe remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
In today's session, I will be remain neutral bias as the market is current on an impulse, and the market is quite over-stretched. Avoid chasing the buys as you'd not have a place to sensibly set your SL, do not act like the majority, think independently. 18 & 50ema are dynamic supports where I'll look for further buying opportunities. Stay reactive!
Do not forget the overall trend on the higher timeframe remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
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