Micro uptrend on AUDUSD is completely overrated. It has no significant value with current market structure. This false breakout is due to NFP coming in the United States. There is simply no reeason for the Aussie to break its current downtrend.
Take profit levels have been identified by Instituitonal levels. Pay attention to the rejections at 0.64600 and act accordingly. This trade can last for weeks, but should reach a possible 200 pip drawdown. I am completely bearish! Dont be fooled by this falso micro uptrend.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Take profit levels have been identified by Instituitonal levels. Pay attention to the rejections at 0.64600 and act accordingly. This trade can last for weeks, but should reach a possible 200 pip drawdown. I am completely bearish! Dont be fooled by this falso micro uptrend.