Post is written by Henry
In a short period of downward trending market we might have the opportunity to short AUDUSD pair when we see some price retracement at around European session today.
We will watch for possible support at around 0.96622 area since this is the previous support level that is occur on either lower time frame such as the hourly or longer time frame support like the daily chart.
A possible of intraday trade can be taken whenever there is confirmation from price action that supported by the possible resistances if the retracement’s happen on lower time frame like the 15 mintues or 30 minutes chart. You can take the trade whenever things lining up with your own trading systems.
Latest posts by admin (see all)
- Forex Trading in Summertime, what the charts can tell you. - September 22, 2017
- The Secret of Taking Profit and Why it is Important - September 20, 2017
- Fading the Momentum in Forex Trading - September 14, 2017
Winner’s Edge Trading, as seen on: