AUDUSD (07-March-2021)
Monthly Chart:
Weekly Chart:
Daily Chart:
4H Chart:
Long term is bullish.
Short term maybe consolidating or downtrend.
Before another bullish, the chart will need to show inverse head and shoulder.
Let's wait at the support zone to setup bullish trade.
To earn money consistently from the market, you will need to trade only when the chart showing something that you are familiar with.
The reason why professional trader is being called professional, is because they only trade chart that they are familiar with, ignore those chart that they don't understand as they need to preserve their capital. Only risk the money when it is worth risking it.
Weekly Chart:
Daily Chart:
4H Chart:
Long term is bullish.
Short term maybe consolidating or downtrend.
Before another bullish, the chart will need to show inverse head and shoulder.
Let's wait at the support zone to setup bullish trade.
To earn money consistently from the market, you will need to trade only when the chart showing something that you are familiar with.
The reason why professional trader is being called professional, is because they only trade chart that they are familiar with, ignore those chart that they don't understand as they need to preserve their capital. Only risk the money when it is worth risking it.
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