i am neautral on this pair right now
تم تحديثه
audusd is right know in a neutral territory. i will explain it. right know market is testing a weekly resisitance from which it has bounced many time. it is very strong lvl. although if market bounces from here and produce some good bearish price action which we can expect to go upto the weekly trendline which i have marked with arrow.
know the thing that is concerning me that the trendline and the support line is sequzing the market with every test of trendline. and when this happen the market should break upto one side. know i am slightly tilted toward the upside breakout because on weekly we are printing large bullish candles while approching the resistance lvl. thats why i am neautral on this pair until further price action develop. i will update the idea as market unfolds next week
know the thing that is concerning me that the trendline and the support line is sequzing the market with every test of trendline. and when this happen the market should break upto one side. know i am slightly tilted toward the upside breakout because on weekly we are printing large bullish candles while approching the resistance lvl. thats why i am neautral on this pair until further price action develop. i will update the idea as market unfolds next week
ملاحظة
this is the weekly chart . we can see we have printed a single red candle and thats also very small compared to the bullish candles market has printed approching the resistance lvl. look at the last weekend candle how big is it, and the large bullish body it has made tells us the market sentiment is towards an upward breakout.
right know i am sitting with my finger crossed until next week to see the market unfolding
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