AUDUSD > Best Place for A Sell Trade!!
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Analysis on #AUDUSD
Here we have a market that broke through its very strong support level after the dollar kept rallying after the FED press conference last Wednesday.
I don't expect the market to regain those levels unless a tremendous material change happened and a shift in market sentiment, so I am looking for a sell trade for now.
The plan:
>> if the market comes to test its previous support level now turned to a resistance level near 0.7220-0.7230 I will look for the market to turn bearish on the lower time frame to provide me a reason to get in a sell trade if the rules are met.
let me point something about the market sentiment, it could shit back to Risk On environment and traders start to sell back the dollar in favor of other pairs
trade safely all
Thank you so much for your support.
Check today analysis below⠀
>>“ With confidence, you have won before you have started."
Analysis on #AUDUSD
Here we have a market that broke through its very strong support level after the dollar kept rallying after the FED press conference last Wednesday.
I don't expect the market to regain those levels unless a tremendous material change happened and a shift in market sentiment, so I am looking for a sell trade for now.
The plan:
>> if the market comes to test its previous support level now turned to a resistance level near 0.7220-0.7230 I will look for the market to turn bearish on the lower time frame to provide me a reason to get in a sell trade if the rules are met.
let me point something about the market sentiment, it could shit back to Risk On environment and traders start to sell back the dollar in favor of other pairs
trade safely all
Thank you so much for your support.
Check today analysis below⠀
>>“ With confidence, you have won before you have started."
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