AUDUSD - BE READY (NEUTRAL ZONE, LONG TERM SETUP)
AUDUSD is currently fighting between the BULLISH and BEARRISH MOVEMENT, i know everybody is expecting a BEARRISH MOVEMENT, BUT!!!!!! I most be honest it is pretty early to say if its bullish or bearrish because the market is currently playing inside of the BULLISH trendline and also inside of the BEARRISH trendline!
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I know that when we take a look at the price action we can see a DOUBLE TOP, but when we take a look at the MONTHLY CHART, we can see that the market is trying HARD to break the MONTHLY RESISTANCE ABOVE (SELL AREA).
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I will keep this chart updated to be sure to let you know my position on this trade, but for now I'm going to be waiting for a BEARRISH or BULLISH breakout =) Remember that the patience in the trading world is the key to success =)
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If you like my CHARTS ANALYSIS, make sure to hit the LIKE and FOLLOW button =) Thanks guys!
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I know that when we take a look at the price action we can see a DOUBLE TOP, but when we take a look at the MONTHLY CHART, we can see that the market is trying HARD to break the MONTHLY RESISTANCE ABOVE (SELL AREA).
--
I will keep this chart updated to be sure to let you know my position on this trade, but for now I'm going to be waiting for a BEARRISH or BULLISH breakout =) Remember that the patience in the trading world is the key to success =)
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If you like my CHARTS ANALYSIS, make sure to hit the LIKE and FOLLOW button =) Thanks guys!
