AUDUSD - Daily - Follow Gold!
This is going to be a very quick idea.
Potential SELL on AUDUSD. If we stay below 0.80140 today or close below the trend line, then I am looking to enter a few SELL positions on this. Now, we might have some sell-off today, so if you think that might miss that, you could enter a small SHORT position with a SL of around 0.80200. If you'll see that we are starting to move lower, then add some more.
Another key indicator, I would say, is GOLD. Now these two tend to like to have their walks in the park together. Gold has broken the upwards trend line, so I believe we could see some selling in Gold in the short-run.
As always, be careful and keep an eye on the price action!
Potential SELL on AUDUSD. If we stay below 0.80140 today or close below the trend line, then I am looking to enter a few SELL positions on this. Now, we might have some sell-off today, so if you think that might miss that, you could enter a small SHORT position with a SL of around 0.80200. If you'll see that we are starting to move lower, then add some more.
Another key indicator, I would say, is GOLD. Now these two tend to like to have their walks in the park together. Gold has broken the upwards trend line, so I believe we could see some selling in Gold in the short-run.
As always, be careful and keep an eye on the price action!
