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AUDUSD: Trading Overbought Market

Panjang
Dolar Australia / Dolar A.S. (FX:AUDUSD)  
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FX:AUDUSD   Dolar Australia / Dolar A.S.
Trend Analysis Chart Patterns Wave Analysis Forex trading Technical Analysis aud USD AUDUSD australiandollar dollar Currencies
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trendanalysis chartpattern waveanalysis forex trading technicalanalysis aud usd audusd australiandollar dollar currencies
snapshot

AUDUSD is losing momentum and more and more sellers are taking their profits.
Pair has recently set a higher low and now is attempting to break above a narrow minor resistance area.
if it brakes through it, for us it will be a perfect chance to long the market.

Depending on the type of the breakout most likely I will trade the retest of the broken structure.
Target levels: 0.6805 & 0.6827
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Penafian

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