AUD/USD has been in a downtrend for awhile now. It is coming down to a possible reversal area at S1. It still has around 300-800 pips of potential loss. So wait and see it out in a couple of days, remember to always wait for confirmation and look for the right price action before coming down to the green area at S1. Definitely looks good so far!
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Price action was really bad coming down to S2 so luckily I didn't take the trade.
Looks to be breaking through the support, not fully confirmed yet though.
Reversal is still an option even though it looks tough for AUD/USD right now.
Looks to be breaking through the support, not fully confirmed yet though.
Reversal is still an option even though it looks tough for AUD/USD right now.