AUDUSD – SPOT: Selling On A Retracement
Price Action: Price formed a Bullish Tailed Bar Signal late last week (We are not considering trading this signal).
Price moved slightly higher from the recent Bullish Pin Bar Signal that had formed early last week (We did not consider trading this signal).
Potential Trade Idea: We are considering selling on a retracement higher and after a price action sell signal, whilst price remains under the 0.7264 – 0.7282 key resistance area.
Price Action: Price formed a Bullish Tailed Bar Signal late last week (We are not considering trading this signal).
Price moved slightly higher from the recent Bullish Pin Bar Signal that had formed early last week (We did not consider trading this signal).
Potential Trade Idea: We are considering selling on a retracement higher and after a price action sell signal, whilst price remains under the 0.7264 – 0.7282 key resistance area.