Will AUDUSD move higher or do we break the channel?
Hi traders,
AUDUSD is still in the 4H channel. If we break the channel you can look for sells but it is still possible that there will be a move higher. Wait for a confirmation like a a break and close under the channel and look for sells after a retracement.
If this pair will move higher we expect an impulse leg on a lower timeframe and a small correction. Look in this case for buys for the move higher. At the moment we will wait for a little bit more clarity.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow us, give a like and comment.
This shared post is only our point of view on what could be the next move in this pair based on our analysis. We do not provide signals.
Don't be emotional, just trade!
Eduwave Trading
AUDUSD is still in the 4H channel. If we break the channel you can look for sells but it is still possible that there will be a move higher. Wait for a confirmation like a a break and close under the channel and look for sells after a retracement.
If this pair will move higher we expect an impulse leg on a lower timeframe and a small correction. Look in this case for buys for the move higher. At the moment we will wait for a little bit more clarity.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow us, give a like and comment.
This shared post is only our point of view on what could be the next move in this pair based on our analysis. We do not provide signals.
Don't be emotional, just trade!
Eduwave Trading
VIP Discord EU with: my detailed daily outlook, strategy, weekly video outlook, my setups/ trades (no signals) and more: eduwavetrading.gumroad.com/l/vipdiscord Daily 10R profits with small risk!