AUDUSD Daily - Major Trend Bearish (03/26/2023)
Hello Traders.
If you want to keep making profit in Forex market, you have to use any Trend EA and understand Basic Trend Movement, no matter any time frame.
Forex market is Gamble market. If you want to get continuous profit, you must change your mind set and daily profit or weekly profit with allowance of loss.
I hope you guys succeed in this Gamble Market.
In my Chart, I marked 2 Observers.
I would like to explain the Observe 2 first.
Observe 2.
There were consolidation 3 candles with long tails candle after big drop.
Next candle after 3 them, there were strong bullish candle - it looks fighting with Bull and Bear.
I understand the market didn't want to drop under 0.65817. It looks retracement form to conceive the Reversal.
Observe 1:Recent and Current Market Movement.
As shown in the box, there were strong Red Candle and 2 small candle with long tail as swell. Also, last market was closed with big Red candle.
It means the market finally turn to Bearish again.
So, I am expecting the market pull back 38% or 50% of the last daily candle and then, it will heading to 0.65810.
Good luck.
If you want to keep making profit in Forex market, you have to use any Trend EA and understand Basic Trend Movement, no matter any time frame.
Forex market is Gamble market. If you want to get continuous profit, you must change your mind set and daily profit or weekly profit with allowance of loss.
I hope you guys succeed in this Gamble Market.
In my Chart, I marked 2 Observers.
I would like to explain the Observe 2 first.
Observe 2.
There were consolidation 3 candles with long tails candle after big drop.
Next candle after 3 them, there were strong bullish candle - it looks fighting with Bull and Bear.
I understand the market didn't want to drop under 0.65817. It looks retracement form to conceive the Reversal.
Observe 1:Recent and Current Market Movement.
As shown in the box, there were strong Red Candle and 2 small candle with long tail as swell. Also, last market was closed with big Red candle.
It means the market finally turn to Bearish again.
So, I am expecting the market pull back 38% or 50% of the last daily candle and then, it will heading to 0.65810.
Good luck.
Comment:
Best Trading Day : Australia Retail Sales MoM : 17:30 PST AUD Retail Sales (MoM) (Feb)