AUDUSD - Daily - Looks attractive to the downside, but...

FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
31 0
All we need is confirmation. I like this idea to the downside, I think it's quite possible. But we need to be careful, as I think this pair has an element of surprise in it.

I am going to make a call here and say, watch the 240 and 60 min charts. Wait for a little reversal to the upside. If the buying will look very weak, then I think we can enter some SHORT positions, but with a careful stop.
If the buying will be strong, then stay out of it... for now. Basically, apply common sense in here.

As always, keep an eye on the price action!
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out