AUDUSD: Seeing momentum toward .68000 / .682500 !
Updated
Price retest key level, that also line up with The Quarter level Theory. A nice bounce of the MA on the higher time frame. Scaled to the 1H for confirmation of MA cross over.
Note
SL Hit ❌ Take Aways:
- Should have looked at GOLD chart before this trade, could have seen that price wasn't ready to fully push.
- I look at GOLD because Australia is on of the top producers for GOLD and that will effect AUDUSD
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.