AUDUSD Trade Idea

23 thg 12, 2020

AU is currently in a ranging condition. As per yesterday's forecast, a mean reversion setup was predicted towards 0.7515 as the market is over-extended. Personally, will avoid any breakout setups unless there's a clear upwards breakout of 0.7636 resistance zone. However, we are beginning to see some lower highs sequence formed, will be focusing on short opportunities towards 0.7462 daily low or rotational setups back to 0.7583.

Trade safe.