AUDUSD is in sideways movement between 0.6755 and 0.657.
in its 4H timeframe, there is bearish divergence.
There will be 2 scenarios in AUDUSD.
1. AUDUSD will continue to reach its downside movement at 0.658 and potentially continue its bearish movement.
2. AUDUSD will move to its trendline support at 0.666 and reverse to long position with target price at 0.677
Good luck and happy profit!
in its 4H timeframe, there is bearish divergence.
There will be 2 scenarios in AUDUSD.
1. AUDUSD will continue to reach its downside movement at 0.658 and potentially continue its bearish movement.
2. AUDUSD will move to its trendline support at 0.666 and reverse to long position with target price at 0.677
Good luck and happy profit!
Trade active:
The scenario 2 is running and will reach its resistance soon. if AUDUSD can break the resistance, it will continue to go up.
Beware of the sentiment from OPEC in which might affect the USD strength.
Happy Profit!!!
Beware of the sentiment from OPEC in which might affect the USD strength.
Happy Profit!!!
Trade closed: target reached:
TP 0.677 target has been reached.
Happy profit!
Happy profit!
Mekar Trading Forex by Andrey Kurniawan
Telegram: t.me/forexmekartrading
Other contacts: linktr.ee/mekartrading
Telegram: t.me/forexmekartrading
Other contacts: linktr.ee/mekartrading