AUDUSD 4 HOUR chart is showing a down trend since around 5/19/16, so can you trade up trends? You might be able to on lower TFs, then noted 4 hour one noted. How could you be safe as possible doing this? Noted on current bearish down trend is sell going down & when you notice a Pin bar candlestick reversal (3 candlestick pattern) or and Engulfing candlestick reversal ( 2 candlestick pattern) that happens at S/R, psychological numbers, that is when you should look into doing CALLS. They are less safer to do then waiting for break outs of noted pink lines back downwards.
For money management trading with current down trend is always better then doing counter trades against the trend. The AUDUSD just hit a key major SUPPORT level ( green line on 4 hr chart), so monitor the price action to see if it continues to go downward, r/t to EMA's are still apart from each other, not close or on top of each other. This pair might continue to do a 100% Fib Retractment from the bottom noted on 1/18/16 & top noted on 4/18/16, which is a three month move up. NOTE: Generally, if an upward move takes 3 months or 90 days, the downward trend will take only half the time or 45 days to do, this is related to gravity. This would be around end of this month around.FYI
For money management trading with current down trend is always better then doing counter trades against the trend. The AUDUSD just hit a key major SUPPORT level ( green line on 4 hr chart), so monitor the price action to see if it continues to go downward, r/t to EMA's are still apart from each other, not close or on top of each other. This pair might continue to do a 100% Fib Retractment from the bottom noted on 1/18/16 & top noted on 4/18/16, which is a three month move up. NOTE: Generally, if an upward move takes 3 months or 90 days, the downward trend will take only half the time or 45 days to do, this is related to gravity. This would be around end of this month around.FYI