AUDUSD Trade Idea 0507-0907
From the D1 perspective, the price has broken the head and shoulder pattern with a retest again before it head lower.
The bullish momentum of AUD likely to continue till RBA statement on Tuesday.
If it does, look for sell opportunity around Fib level 0.5 and 38.2 till 0.7400.
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority
The bullish momentum of AUD likely to continue till RBA statement on Tuesday.
If it does, look for sell opportunity around Fib level 0.5 and 38.2 till 0.7400.
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority
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