This post is written by Henry
Confirmation of the continuation on AUDUSD pair is forms on the 4h chart when price is penetrating the major resistance trendline.
All we can do is to wait for the price to make a pullback to retest the trendline and enter to the long side when there’s a confirmation from price actions and the indication from your indicator on the lower time frame such as the 15 min time frame.
The next possible target for this pair will be at around 1.00900 which will be the all time high for this particular pair.
Latest posts by admin (see all)
- Using Simple Moving Averages to clarify the Forex Market - November 13, 2017
- The Huge Benefits of Being a Scalper - November 6, 2017
- The ADX Methodology for Analysis, the Strengths and Values - November 4, 2017
Winner’s Edge Trading, as seen on: