Plan for AUDUSD from 30/9 to 04/10/2019
This is my opinion for the purpose of practicing trading planning, not trading recommendations.
In the chart D1 of the AUDUSD pair, I see AUDUSD is falling back after recovering to the resistance (formerly support). Expect prices to continue to trend downwards in the near future when RBA ( central bank and monetary management agency of Australia) announced interest rates at 11:30 am on October 1, 2019, is expected to fall 25 basic point means lowering the interest rate from 1% to 0.75%.
Observe the price action at the Red Box, preferably sell the trend when the price re-tests the Red Box, if the price breaks above the Red Box we should stand outside to observe.
In the chart D1 of the AUDUSD pair, I see AUDUSD is falling back after recovering to the resistance (formerly support). Expect prices to continue to trend downwards in the near future when RBA ( central bank and monetary management agency of Australia) announced interest rates at 11:30 am on October 1, 2019, is expected to fall 25 basic point means lowering the interest rate from 1% to 0.75%.
Observe the price action at the Red Box, preferably sell the trend when the price re-tests the Red Box, if the price breaks above the Red Box we should stand outside to observe.