WATCHING AUDUSD FOR THE NEXT MOVE

This pair as we can see is in a critical area! As a trader this is where we earn our money.
-Will the pair continue higher
-Will it trade lower from here
-Price will consolidate
For us, we have a warning signal! The retracement from 0.7680 area to 0.7476 is a sign that we might see another down move before eventually trading higher.
We stand aside for now and wait for the right call!
Feel free to contribute in comment ..Happy trading
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Kommentar:

AUDUSD going nowhere in a hurry. We wait for direction in this pair.
Happy Trading and trade with care!