AUDUSUD at a strong resistance area and main trend is still downwards.
Entry @ current price and pending at last high of 0.6986
TP 1 at past support area (possibly channel trading)
TP 2 at next past support area
Indicators:
1. Currently at strong Resistance area.
2. Stochastic RSI on weekly and daily both in overbought zone.
3. USDollar Index in oversold zone.
Good luck trading!
Charles V
CVFX Manangement
Trading made simple
Entry @ current price and pending at last high of 0.6986
TP 1 at past support area (possibly channel trading)
TP 2 at next past support area
Indicators:
1. Currently at strong Resistance area.
2. Stochastic RSI on weekly and daily both in overbought zone.
3. USDollar Index in oversold zone.
Good luck trading!
Charles V
CVFX Manangement
Trading made simple
Commento:
Weekly update: Current trade looking good this week to fall. Resistance area is holding. Looking for a daily bear candle to close under the last low of 0.6924.