Remember guys, keep it simple!
As you can see from the AUDUSD chart it is hugging the daily trendline tight. If it breaks and it is not a fakeout, buy that Aussie to the top! If it respects the trendline, wait, be patient and when the time comes it's time to short.
This doesn't work every time, but it can be a clear signal that the direction of any pair may be changing, and the other side of the market is taking over. Apart from sentiment analysis, this is a quick fire way to see if the currency is making a switch and changing major directions.
As you can see from the AUDUSD chart it is hugging the daily trendline tight. If it breaks and it is not a fakeout, buy that Aussie to the top! If it respects the trendline, wait, be patient and when the time comes it's time to short.
This doesn't work every time, but it can be a clear signal that the direction of any pair may be changing, and the other side of the market is taking over. Apart from sentiment analysis, this is a quick fire way to see if the currency is making a switch and changing major directions.