AUDUSD 4 Hourly Resistance - Short on Retracement
With 3 rising Tops and with a recent bullish rally that is so steep, it is anticipated that a consolidation is in the making.
Should Price hold out recent top as resistance, it is likely to fall and gain support at the 1st Support as marked.
Should Price hold out recent top as resistance, it is likely to fall and gain support at the 1st Support as marked.
Trade closed: stop reached
Stopped out.The better bet is still to follow the bullish pressure as seen on the chart
More and bigger bullish bars than bearish ones.
Trend following wins!
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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.