AUDUSD SCENARIO ANALYSIS
Bullish 70% Bearish 30%
It has been consolidating between 76000 and 77000 since the beginning of this month
I prefer to go long at this time because the current trend looks bullish
But bearish setup scenario is also possible since the market is getting close to long term resistance zone around 78000
77000 level has been pretty solid resistance so far so I want to see how the market behaves around STR and STS.
If it breaks below 76000, I can go short when it retraces back up to 76000
If it breaks through 77000, I can go long when it pulls back into 77000
Easy and simple
It has been consolidating between 76000 and 77000 since the beginning of this month
I prefer to go long at this time because the current trend looks bullish
But bearish setup scenario is also possible since the market is getting close to long term resistance zone around 78000
77000 level has been pretty solid resistance so far so I want to see how the market behaves around STR and STS.
If it breaks below 76000, I can go short when it retraces back up to 76000
If it breaks through 77000, I can go long when it pulls back into 77000
Easy and simple
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