AUDUSD has been ranging since early this year, while I took some trades within the range, I was anticipating a breakout from the support for a short trade. Market broke out as anticipated but reversed back inside the due to fundamental news that pushed the price even above the resistance level.
The confusing part is that price is back into the range. While I'm presently expecting a further drop in price, I know price could possibly continue the uptrend as this could just be liquidity grab
What's your thought on this? Like and comment below
The confusing part is that price is back into the range. While I'm presently expecting a further drop in price, I know price could possibly continue the uptrend as this could just be liquidity grab
What's your thought on this? Like and comment below