AUDUSD Trade Idea
AU has been in a range bound condition since 6th Jan. In today's trading session, I will be paying attention to the 0.7793 & 0.7816 resistance zones. Two scenarios that I am looking at
1. If we get a clear break above the 0.7816 resistance zone, I will be looking for possible retracement entries with 0.8000 key resistance zone as the target (Bullish)
2. Do not be surprise if we notice further sell-off back towards the 0.7640 support zone as AU is technically still within a wide range (Ranging)
The higher timeframe picture remains bullish, avoid over-thinking.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
1. If we get a clear break above the 0.7816 resistance zone, I will be looking for possible retracement entries with 0.8000 key resistance zone as the target (Bullish)
2. Do not be surprise if we notice further sell-off back towards the 0.7640 support zone as AU is technically still within a wide range (Ranging)
The higher timeframe picture remains bullish, avoid over-thinking.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.