Dear traders,
AUDUSD printed a couple of bearish wigs and it maybe the case that resistance at 0.785 will hold.
The range is quite tight so there is the case that green S/R will be soon broken....
Anyway: the most corageous of you can enter short AUSUSD with a STOP LOSS if a 4H closes above 0.785 and TAKE PROFIT at 0.77
But if you like to trade from a KEY S/R level, then you have to watch the yellow belts instead of the green ones.
Here (as ususal in FX and in trading) patience is needed as we have to wait that price rebounds from 0.79 to go short accordingly major trend.
Cheers
Riccardo
AUDUSD printed a couple of bearish wigs and it maybe the case that resistance at 0.785 will hold.
The range is quite tight so there is the case that green S/R will be soon broken....
Anyway: the most corageous of you can enter short AUSUSD with a STOP LOSS if a 4H closes above 0.785 and TAKE PROFIT at 0.77
But if you like to trade from a KEY S/R level, then you have to watch the yellow belts instead of the green ones.
Here (as ususal in FX and in trading) patience is needed as we have to wait that price rebounds from 0.79 to go short accordingly major trend.
Cheers
Riccardo
