AUDUSD TREND-FOLLOWING
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
AUDUSD, still overall bearish from a long-term perspective.
However, as we mentioned previously in our analysis, if the price managed to break above our major swing high then our correction will start, which will result by rejecting our support zone.
Meanwhile, and for now price traded higher, to be approaching our upper falling trendline, where we will be looking for new bearish reversal movement as a trend-following setups.
From a shorter term on H1 time frame, from is still bullish, moreover, for the bears to kick in we need a break below the marked major swing low, then a movement lower would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
AUDUSD, still overall bearish from a long-term perspective.
However, as we mentioned previously in our analysis, if the price managed to break above our major swing high then our correction will start, which will result by rejecting our support zone.
Meanwhile, and for now price traded higher, to be approaching our upper falling trendline, where we will be looking for new bearish reversal movement as a trend-following setups.
From a shorter term on H1 time frame, from is still bullish, moreover, for the bears to kick in we need a break below the marked major swing low, then a movement lower would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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