AUDUSD Trade Idea

19 Şub 2021

In yesterday's analysis, I expected AU to chug around 0.7740 zone due to the lack of momentum, which was exactly what the market performed. In today's trading session, I will be focusing on short-term buying opportunities with 0.78 key resistance zone as the target. Avoid any breakout setup unless 0.78 resistance zone is clearly breached, then we can look for retracement entries. Be aware that we could expect a bit of range bound condition, but the long-term view remains bullish.

Recently I've been receiving a lot of DMs regarding 'when to buy OR sell'. It is important to know that TV is a healthy and educational community, not a platform for you to look for signals or a definite answer. The only way you can become a consistently profitable trader is to improve your knowledge, no short-cut. Authors here are contributing for the sole purpose of improving the community and help new traders with clearer perspectives in the markets, not spoon feeding you. Have an open mindset, keep striving, keep learning.

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Trade safe.

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19 Şub 2021

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