Hello traders,
#AUDUSD looks pretty good with most timeframes trending towards the downside and a recent bearish engulfing candle does suggest further bearish pressure and momentum.
The trade could also pullback to the moving averages so if you do find a better entry, or a candlestick bounce off the 25-50 moving averages that would be a good entry point.
#AUDUSD looks pretty good with most timeframes trending towards the downside and a recent bearish engulfing candle does suggest further bearish pressure and momentum.
The trade could also pullback to the moving averages so if you do find a better entry, or a candlestick bounce off the 25-50 moving averages that would be a good entry point.