Price broke trendline and made a big move up to a key level, currently AUDUSD shows bearish divergence with what appears to be an M formation. The market appears ready to turn. But I will wait for confirmation with price action before I take this trade. If valid the price is likely to move down to the Golden Ratio Level before moving up again.
Hope this makes sense. Good luck trading.
Remember to always enjoy the process. The rest will come (eventually!)
Hope this makes sense. Good luck trading.
Remember to always enjoy the process. The rest will come (eventually!)