AUDUSD GOOD ONLY FOR SWING TRADERS
What : Shorting opportunity @ 0.758 upto 0.742 then long upto 0.766.
How/Reason : On larger time frame i.e. monthly this pair is creating double top due to extreme upside momentum it had recently from the origin of double bottom. Thence time correction is forming in terms of double top.
Timeframe : this will happen entire this month
How/Reason : On larger time frame i.e. monthly this pair is creating double top due to extreme upside momentum it had recently from the origin of double bottom. Thence time correction is forming in terms of double top.
Timeframe : this will happen entire this month
Trade closed: target reached
Short positions closed and opened longs. All long positions closed in profit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.