Hi everyone , this is how i see the AUDUSD this week ,,
on the left side we will see the daily frame and yes we are in a down trend but the price has formed a flag pattern ,,
and at the same time the price reached a demand area , and the price did not consume time before it started the current correction ,,
which means the BUYERS were really interested in buying in this area ,,
So even if the price broke the corrective channel on right side of the screen i will go short but i will not be sure about the down direction until the demand area get's broken ,,
TRADE SAFLY ;)
on the left side we will see the daily frame and yes we are in a down trend but the price has formed a flag pattern ,,
and at the same time the price reached a demand area , and the price did not consume time before it started the current correction ,,
which means the BUYERS were really interested in buying in this area ,,
So even if the price broke the corrective channel on right side of the screen i will go short but i will not be sure about the down direction until the demand area get's broken ,,
TRADE SAFLY ;)
Trade closed: target reached