So for AUD?USD
We are in a nice bullish day chart trend but a lower high has been broken!!. The bullish push we have now seen could be a liquidity grab before pushing bearish for a bit. There is also some bearish divergence to add to this trade if rejected at this zone.
On the other hand we have a lovely 1 week hammer candle printed and if the price breaks through the resistance level, then gives a pullback to the newly turned support with a rejection, I would be looking to buy until the next 1 or 2 support area.
I hope this analysis has been helpful to you, if so please like and follow!
# have a profitable week traders
We are in a nice bullish day chart trend but a lower high has been broken!!. The bullish push we have now seen could be a liquidity grab before pushing bearish for a bit. There is also some bearish divergence to add to this trade if rejected at this zone.
On the other hand we have a lovely 1 week hammer candle printed and if the price breaks through the resistance level, then gives a pullback to the newly turned support with a rejection, I would be looking to buy until the next 1 or 2 support area.
I hope this analysis has been helpful to you, if so please like and follow!
# have a profitable week traders