AUDUSD-H1-Whats is going to DO? Up or Down

8 thg 2, 2021

AUDUSD - H1 timeframe - Analysis base on Fake Breaking Out the Shadows war and Pitch Fork.

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As you can see, we have a Pull Back to Trend Line and after that price is on UP Trend.

But is it true? Is AUDUSD going up or market wants we think like that?

An other hand, we have a Fake Breakout on Center Line of Fork and price get back under it.

I think it is going to touch at least M15 time frame target that is on : 0.76000 & 0.76050.

You can get a Short position on it but you should have your own money Management. Because Price do not Do that so simple and more properly it will go up again for creating a Double top and then get back Down.

So if you can get a Short position near the Supply Area, it will be a Good and Profitable Position.

I hope you find this analysis useful and make so many profit from this market.

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Good luck...!