This is my trade idea for AUDUSD. Trend is bearish so I have a sell trade setup. I can also see buys playing out so I have buys set up. Thats more intuition and its against the trend so for now sells are primary for me.
This is a little late But i think buys will continue so im posting it anyway. There a few ways that im looking at this pair so bare with me.
1. break of trend line- Price was in a downtrend and we had a break of trend to the upside. Price came back down and corrected this strong bullish move but it did not create a new low.
2. Key levels. Price respected my...
Im only publishing my charts because i cant copy or save them for some reason. Anyway, trend is bullish so i have the potential buys displayed. I see a double top pattern playing out on the H4 so im leaning towards the sell.
BTCUSD is at a strong level of support. Price broke the trend line but has not broken structure thus remaining bullish. If price rejects my daily key level and has a bullish engulfing, I will be confident in the buy continuation. For sell, I want price to break below my daily key level, retest the area and close below the candle that retest with a bearish momentum...
