hi all,
I've been watching and traded AUDUSD for a while.
entered long several times when the trend was down and learned some lessons (especially how important the mindset and one's own's view and psychology is regarding trading). that and risk management of course.
I believe that we now may be on the verge of a strong up move - several hundred pips on the H4 chart.
price has oscilated lately going up then down and now up again - therefore maybe this would be a more decisive move.
In my opinion if price breaks clear of 0.7220-0.7230 and the support 0.7100 holds then this would be further confirmation.
if price moves down towards 0.7100 then will be neutral.
still, keep in mind the COT positioning so things can become clearer as price action unfolds.
please remember these are my personal considerations, as always one has to make his/ her own mind and decision and trade upon, do not trade based on my own (so this is the disclaimer).
best regards all,
I've been watching and traded AUDUSD for a while.
entered long several times when the trend was down and learned some lessons (especially how important the mindset and one's own's view and psychology is regarding trading). that and risk management of course.
I believe that we now may be on the verge of a strong up move - several hundred pips on the H4 chart.
price has oscilated lately going up then down and now up again - therefore maybe this would be a more decisive move.
In my opinion if price breaks clear of 0.7220-0.7230 and the support 0.7100 holds then this would be further confirmation.
if price moves down towards 0.7100 then will be neutral.
still, keep in mind the COT positioning so things can become clearer as price action unfolds.
please remember these are my personal considerations, as always one has to make his/ her own mind and decision and trade upon, do not trade based on my own (so this is the disclaimer).
best regards all,
