AUDUSD TREND BREAKOUT (Forex simplified)
AUDUSD has been trending upward for a while now, but has currently broken the upward trend and is on it's way to the downside.....BUT we don't have our confirmation to SHORT this pair until we see a 'Reasonable' H4 candle close below the "MINI SUPPORT" indicated in the image.
Likewise, if price bounces up from the "MINI SUPPORT"... Our BIAS still shouldn't be to go LONG until there's a 'reasonable' close above the Trendline resistance shown in the image. GOODLUCK!!
Likewise, if price bounces up from the "MINI SUPPORT"... Our BIAS still shouldn't be to go LONG until there's a 'reasonable' close above the Trendline resistance shown in the image. GOODLUCK!!
Penafian
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