AUDUSD Trade Idea

11 Oca 2021

In yesterday's forecast, I discussed about the possibility of the violation of 0.7740 support zone with 0.7690 as the initial target (short-term bearish sentiment), which is exactly what the market performed. Currently will be looking for short-term buying opportunities, but we need to see the market to 'stretch' further during the current Asia session. to give us a better over-extended condition for a bullish reversal setup. Ideally I expect the market to pullback below 0.7683 support zone to attract more short-term sellers before buyers step in. Do not forget the overall trend on the higher timeframe remains bullish, stay neutral.

Trade safe.

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11 Oca 2021

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