In my Opinion
Looking at AUDUSD on a Daily time frame, we’d notice that price closed Bullish.. and there’s every possibility price might Buy again till it hits the resistance then drop again to sell ( depending on how price plays out ).
Since price closed Bullish on the Daily time frame , I expect price to reach the Resistance zone of 74.720, then I’d see how price reacts from that zone.. if it breaks that zone and find its way up to the Resistance zone of 0.75500 ( which is also the daily high), then I’d see how price reacts and know if I’m to take a Sell or a buy from that area.
Going back to the current price position, it’s currently at the support zone area of 0.73844 . So, since price closed Bullish, I’d it retest the support zone from a 15min Candle pattern upward, I’d be looking for a buy from that area to the next resistance zone.. then I’ll wait and see what happens before I re enter the trade again.
Kindly let me know what you feel about this idea..
Thank you!
Looking at AUDUSD on a Daily time frame, we’d notice that price closed Bullish.. and there’s every possibility price might Buy again till it hits the resistance then drop again to sell ( depending on how price plays out ).
Since price closed Bullish on the Daily time frame , I expect price to reach the Resistance zone of 74.720, then I’d see how price reacts from that zone.. if it breaks that zone and find its way up to the Resistance zone of 0.75500 ( which is also the daily high), then I’d see how price reacts and know if I’m to take a Sell or a buy from that area.
Going back to the current price position, it’s currently at the support zone area of 0.73844 . So, since price closed Bullish, I’d it retest the support zone from a 15min Candle pattern upward, I’d be looking for a buy from that area to the next resistance zone.. then I’ll wait and see what happens before I re enter the trade again.
Kindly let me know what you feel about this idea..
Thank you!