AUDUSD Hitting Top of Trendline, time for selling
Consider the trendline on the weekly timeframe, it is a very strong area of resistance which began in November of last year. Right now we are at the 0.6920 level.
Consider AUDUSD on the daily timeframe. Seeing some nice resistance after last Friday's Positive NFP.
I forecast this pair to move to the downside, I have a stop loss of 40 pips, and a take profit of 140 pips from current price (0.6900)
This is a SWING trade.
Consider AUDUSD on the daily timeframe. Seeing some nice resistance after last Friday's Positive NFP.
I forecast this pair to move to the downside, I have a stop loss of 40 pips, and a take profit of 140 pips from current price (0.6900)
This is a SWING trade.