As we can see from this 1D chart, AUDUSD is sitting at this key downtrend resistance level. I would like to wait for either a break of this resistance level to buy or a reverse of this resistance and sell to aim for our first target level of 0.7600. If we meet 0.7600 we could either see a bounce back up or a break and see the price decline more.
I am just a...
Currently in consolidation as pointed out with the shaded box.
We have a couple of dojis possibly indicating the end of a bearish run. The 200 EMA has also been broken.
I will wait for further conformation before I place a trade.
Price will need to a break back above the 200 EMA and the uptrend support line to place a buy.
Comments are appreciated, I am just...
Awaiting price to move up to the support/resistance (82.486) and the 200 EMA. From there we should see either a break or reverse on this line.
If price reverses we should see the price to return to the support line (81.153).
Small win to be took here.
Waiting on support/resistance (1.76504) to either be broken or reversed.
Could potentially see the price move up to the support line or resistance line.
As always, I am just learning so I am open to suggestions and ideas.
Can identify a clear uptrend that has been broken.
First level of support has also been broken.
Unsure on where the bounce back will be, either, 141 or 139 area. Possible buy areas after consolidation from candle stick and/or indicators.
This could also be a false breakout and may see the price move back into that uptrend.
I am just a learning trader and...