AUDUSD 1 HR CHART- continue to wait & see
If current price action on 1 HR chart ends up closing above 0.73000 level, then go BULLS & if price action of current 1 HR candlestick stays below that level, would think a reversal would be in order.
On noted Ichimoku cloud indicator price action has made a red & blue cross over which would have been a great place to go long at that time. Now price action is hitting first (gold line) or closes part of CLOUD or resistance, if it continues should go to outer part or 2nd resistance area of CLOUD (purple line).
This is a trend indicator & pink noted lines are my current resistance noted lines to watch now. Have a great trading day.
On noted Ichimoku cloud indicator price action has made a red & blue cross over which would have been a great place to go long at that time. Now price action is hitting first (gold line) or closes part of CLOUD or resistance, if it continues should go to outer part or 2nd resistance area of CLOUD (purple line).
This is a trend indicator & pink noted lines are my current resistance noted lines to watch now. Have a great trading day.
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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.