Analysis of #AUDUSD
Hi traders, today we will have a look at #AUDUSD
as you can see the market right now is at trendline resistance the market actually showing a bearish reaction at this level and we might have a bearish candle formation at the top of the hour, which could be a good reason for some to get in sell trade, the other way to get in a selling trade is to wait for the market to form a double top and enter sell with confirmation
the other way that you can trade this market is maybe waiting for the market to drop to the support level just near 0.69 which is also trendline support and the previous structure support level
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Hi traders, today we will have a look at #AUDUSD
as you can see the market right now is at trendline resistance the market actually showing a bearish reaction at this level and we might have a bearish candle formation at the top of the hour, which could be a good reason for some to get in sell trade, the other way to get in a selling trade is to wait for the market to form a double top and enter sell with confirmation
the other way that you can trade this market is maybe waiting for the market to drop to the support level just near 0.69 which is also trendline support and the previous structure support level
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
