AUDUSD, key levels to watch for.
AUDUSD / 1W
Hello traders, welcome back to another market breakdown.
AUDUSD has been trading in a down trend this year. However, the price had been in a deep pull-back for the last 3 months.
The struction is still bearish on the monthly and weekly time frames. So, bulls should look where to take profit and bears will look to where they can short again.
Please checkout the chart for the next key level I'm watching for which is the breakout point where limit bulls are trapped in a bad trade.
Trade safe,
Trader Leo.
Hello traders, welcome back to another market breakdown.
AUDUSD has been trading in a down trend this year. However, the price had been in a deep pull-back for the last 3 months.
The struction is still bearish on the monthly and weekly time frames. So, bulls should look where to take profit and bears will look to where they can short again.
Please checkout the chart for the next key level I'm watching for which is the breakout point where limit bulls are trapped in a bad trade.
Trade safe,
Trader Leo.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.