A SHORT position of AUDUSD considering the PRICE ACTION
Chart Illustration is clear enough. However,
point 1 confirms there was a retest of the Support Zone before prices retraced back to the point 2
which used to be a MAJOR SUPPORT AREA, price
created a BEARISH ENGULFING signalling a SELL
OFF but considering the BREAK-OUT at the Support
Zone, there was a rejection, we expect the price to sell below 0.77079 to enter a SHORT.
point 1 confirms there was a retest of the Support Zone before prices retraced back to the point 2
which used to be a MAJOR SUPPORT AREA, price
created a BEARISH ENGULFING signalling a SELL
OFF but considering the BREAK-OUT at the Support
Zone, there was a rejection, we expect the price to sell below 0.77079 to enter a SHORT.
Order cancelled:
Trade Idea was not met so the trade was cancelled, I am slow at updating what I started. So sorry it took me this long before updating.