Staying on the Fence for AUDUSD
AUDUSD is still currently in a indecision range right now. I will be quite hesitant to enter the pair as of right now. Instead, i will wait for a break out of the identified trendline and structure level (as indicated by the rectangle), before buying or selling the pair. This will be my long term strategy.
In the short term, i will look for a break out of the smaller wedge pattern and look for a scalping trade. However, i do advise that doing so is quite risky with a lower risk-reward ratio.
In the short term, i will look for a break out of the smaller wedge pattern and look for a scalping trade. However, i do advise that doing so is quite risky with a lower risk-reward ratio.
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