AUDUSD quick analysis
Strong bearish momentum on this pair for a good period now.
Just broken out of its little consolidation zone, look for a sell to hit lower zone.
Buys should be waiting for the bears to die out around the .70000 psychological zone.
but nothing is guaranteed.
be patient. let the markets come to us and kill on a proper opportunity.
overall strong bearish trend i dont see the bulls coming into play for another day or so, but we'll have to see what happens.
from this strong impulse i am waiting for some sort of relief to happen (profit taking) so market can continue to make another LH , then continue to make LL.
have a good week people.
cheers.
Strong bearish momentum on this pair for a good period now.
Just broken out of its little consolidation zone, look for a sell to hit lower zone.
Buys should be waiting for the bears to die out around the .70000 psychological zone.
but nothing is guaranteed.
be patient. let the markets come to us and kill on a proper opportunity.
overall strong bearish trend i dont see the bulls coming into play for another day or so, but we'll have to see what happens.
from this strong impulse i am waiting for some sort of relief to happen (profit taking) so market can continue to make another LH , then continue to make LL.
have a good week people.
cheers.