Hello Traders,
I hope you are all doing well.
The AUS200 has broken resistance on the 4 HR. Question is will price continue or is this a fake out?
The MACD signal is overbought, so I would wait for price to retest resistance area and see some bullish momentum candlesticks.
My advice wait and have patience to see what the price will do.
What are your thoughts?
Have a great trading day
I hope you are all doing well.
The AUS200 has broken resistance on the 4 HR. Question is will price continue or is this a fake out?
The MACD signal is overbought, so I would wait for price to retest resistance area and see some bullish momentum candlesticks.
My advice wait and have patience to see what the price will do.
What are your thoughts?
Have a great trading day