The main trend is a downward trend price is doing a retracement
( known as a pull back to create a lower higher).
There is a high probability the retracement to resistance 68800 will continue to
sell or
continue buying during retracement
right up to 0.69158 or 0.69325 before selling again
Type of Trader: Trend Trader
Pair: AUDUSD
Major Trend: Is a downward Trend -Price is at a lower high (resistance) price needs to sell to create a lower Low to continue the downward trend
Counter Trend: Upward Trend- Price is at a higher high (resistance)- Price needs to retrace to form a higher low (support) price needs to sell to create a higher low
Price...
