AUD/USD reaches moderate supply level, time for pullback?
Dear traders, AUD/USD has broken through the 100-day exponential moving
average. However, the price has reached a moderate supply level from
where we can see a pullback in AUD/USD.
If you look at the daily chart, you can see that the area around 0.6510 has
multiple price rejections in the past. So, if we can see the formation of
bearish candlesticks at this level, AUD/USD can reach the 0.64 level again.
average. However, the price has reached a moderate supply level from
where we can see a pullback in AUD/USD.
If you look at the daily chart, you can see that the area around 0.6510 has
multiple price rejections in the past. So, if we can see the formation of
bearish candlesticks at this level, AUD/USD can reach the 0.64 level again.
Trade active:
Sold@0.6516 and trade is currently in 11 Pips profit
Comment:
18 Pips profit and looks like we have some bearish PA in the resistance zone
Comment:
76 Pips running profit
Comment:
Nearly 100 pips profit hit, strong bearish momentum. Will look to sell the rallies