I think this audusd just tried to make fake bottoms here, so i'm gonna look to sell 0.8972 area, but will make sure the price goes to 50MA first to short, then short the retrace so I could have clear edge of stop loss. I'm not sure about the lower high price made at the gray area because in my trading platform it showed different price, it didn't make that low there. I'm favoring to buy the AUDUSD at lower level if previous support is breached.
Comments
insulinSpike
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it could be.. at this moment, the price hasn't shown that much constructive to the upside either imho. will see next week for follow through thanks for the input btw, cheers :)
mustard
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Careful with shorts at this point.
Looks to have broken out of consolidation zone following weekly double bottom formation.