Audusd hit daily support, looking to go long from current price
Anticipating a long from current price as we broke structure on M15 and tested the OB on M30. We also rejected the 78.6 Fib level indicating that we should we some momentum to the upside
Happy trading!!!
Analysing the chart closely, i found many reasons to sell nasdaq. We have NFP data being released later today. At a crucial resistance level of 13300-13350
Favouring a sell off to 12250.00 if not lower
Happy trading...
Reasons for setup:
88.6 fib rejection
Bearish trend
flat bottom triangle (bearish sign)
Trading wave 4 to 5
Waiting for price to push back up into my PRZ, will wait for price to head towards my stops before setting a sell stop.