Hi,
My idea on AUD/USD:
From my perspective this pair has more downside potential as I can see from the daily chart. It is just holding around the recent resistance, showing some selling pressure.
I am waiting this H4 buyer to give up or to make sure he cannot go above this high. The current move looks pretty aggressive ( H1). Let's see where this buy will go. If it keeps rising aggressively beyond and the recent
high with no signs of sells - this would invalidate the idea.
My idea on AUD/USD:
From my perspective this pair has more downside potential as I can see from the daily chart. It is just holding around the recent resistance, showing some selling pressure.
I am waiting this H4 buyer to give up or to make sure he cannot go above this high. The current move looks pretty aggressive ( H1). Let's see where this buy will go. If it keeps rising aggressively beyond and the recent
high with no signs of sells - this would invalidate the idea.
Comment:
Daily outlook:
Trade active:
Just entered. 0.7830 - initial target. Will see if we have to hold on towards daily target zone.
Comment:
Comment:
Got it
Got it
Trade closed: target reached