Analysis of #AUDUSD
Hi traders, today we will have a look at #AUDUSD
looking at the chart you can see how the market is moving down with strong Momentum and I'd like to see the market keep pushing down to test the next level of support near 0.66500
we are not quite yet below the current support level at 0.6700 as you can see the market is trying to hold onto this level in fact, If you look left and draw a trendline it will coordinate with this level but I don't want to take an aggressive entry here.
if the market keeps moving down and tests my next support level which is drawn for you on the chart, I will then look for a reversal pattern of double bottom, head, and shoulders, or bearish candle formation to get in a trade
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Hi traders, today we will have a look at #AUDUSD
looking at the chart you can see how the market is moving down with strong Momentum and I'd like to see the market keep pushing down to test the next level of support near 0.66500
we are not quite yet below the current support level at 0.6700 as you can see the market is trying to hold onto this level in fact, If you look left and draw a trendline it will coordinate with this level but I don't want to take an aggressive entry here.
if the market keeps moving down and tests my next support level which is drawn for you on the chart, I will then look for a reversal pattern of double bottom, head, and shoulders, or bearish candle formation to get in a trade
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
