AUDUSD 4hr short before the turn
The price is playing around the upper trend line in the bearish market.
It attempts to change the direction from bear to bull because it's far away from the 50/200 ma. However, it still needs to retrace to the previous support level.
First goal A and then B
It attempts to change the direction from bear to bull because it's far away from the 50/200 ma. However, it still needs to retrace to the previous support level.
First goal A and then B
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.