AUDUSD – SPOT: Selling On Retracement
AUDUSD – SPOT: Selling On Retracement Around 0.7264 - 0.7282 Key Resistance Area
Price Action: Price formed an Inside Bar Pattern late last week (We are not considering trading this pattern).
Price moved higher from the prior Inside Bar Pattern that had formed early last week (We did not consider trading this pattern, nor did we mention it).
Potential Trade Idea: We are considering selling on a retracement higher and after a price action signal, at or just under the 0.7264 – 0.7282 key resistance area.
Price Action: Price formed an Inside Bar Pattern late last week (We are not considering trading this pattern).
Price moved higher from the prior Inside Bar Pattern that had formed early last week (We did not consider trading this pattern, nor did we mention it).
Potential Trade Idea: We are considering selling on a retracement higher and after a price action signal, at or just under the 0.7264 – 0.7282 key resistance area.