Bulls cannot drive the price past (1064.360) bears have taken over and are driving price down towards a previous test of (962.013) will hold my position TP is at (962.013) but will adjust SL along the way.
AUDUSD just broke down the monthly trend line hoping to hold this position for as long as possible adjusting SL as we go no TP in sight.
Bulls are taking control and are pushing the price through the support at (0.95899) hoping to see us test another support at (0.92916)
Bulls are pushing price through the support of (0.95921) should see us reach (0.93527)
Passing support zone looking to end up at a previous support.
Bouncing off the new support which was a previous resistance.
short position on 4H at (0.68375) position will hit a previous resistance tested (0.67754) . Hoping to buy long position 1D at (0.67754) and then a break out past the trend line. Tested multiple supports on weekly chart at the price of (0.68780), (0.68606), (0.68152) and (0.67754)
short position on 4H at (0.68375) position will hit a previous resistance tested (0.67754) . Hoping to buy long position 1D at (0.67754) and then a break out past the trend line. Tested multiple supports on weekly chart at the price of (0.68780), (0.68606), (0.68152) and (0.67754)
I think that is a solid analysis I would like other peoples opinions on the matter as I am relatively new to trading.