If price break resistance @ 1555 area, wait for retest and go for long. If price respect the trend line and the said resistance, focus sell
Focus Sell
Ready to sell
Rally: Breakout 1492 area (possible retest), ready to buy.
Bearish - Focus Sell in the blue box Bullish - Focus Buy in the red box
Bearish - Focus Short term Sell this week
Bullish - Focus on Long position this week.
Going for long
D1 closed Higher Low signalling the bearish movement and will enter the support area.
Following the major trend in daily chart, it's a downtrend. If it breaks the major trend line, there will be a reversal of the price action. If it respects the trend line, then we'll go short, otherwise go for long position.
Major Trend (D1) : Uptrend Minor Trend (H1) : Uptrend Mode: Long Position
In my mapping last week on daily chart, GJ is going to retest first before flying up high. Short first, then long.
Daily Chart: Uptrend and Sideways H1 Chart: Price action had shown a reversal trend (bearish engulfing)
GJ Broke Trendline, it's time to go long. #nakedchartrocks
End of Downtrend for AUDUSD
In need of Ideas and Comments for the mapping. TQ
