Will be watching how AUDUSD will unfold as the week progresses to try and identify opportunities for a short trade.
Price remains below the dynamic resistance of the moving averages, along with a potential short-term Daily Fibonacci move. This has confluence with a retest of the break of the ascending CTL which provides further confirmation of a bearish sentiment.
Would need a break of previous support before considering entries - this will add to the probability of the trade success.
Price remains below the dynamic resistance of the moving averages, along with a potential short-term Daily Fibonacci move. This has confluence with a retest of the break of the ascending CTL which provides further confirmation of a bearish sentiment.
Would need a break of previous support before considering entries - this will add to the probability of the trade success.