I was thinking about taking a short trade at 7780 level as I mentioned in my previous AUDUSD short idea. The price hit the top of the channel. However, It formed a big daily bullish candle and there are no selling pressure. Even though the one hour chart formed a doji and pin bar, the volume did not justify anything. The price may retrace a little but will test the resistance again.
I will probably take this trade if this resistance level holds until European close tomorrow or tomorrow's daily or 4hour candle shows a reversal.
Good Luck!
I will probably take this trade if this resistance level holds until European close tomorrow or tomorrow's daily or 4hour candle shows a reversal.
Good Luck!