Trend trading opportunity on AUDUSD | UPDATE
22nd of June:
"Last week we've had a clear downside move on AUDUSD.
Right now it looks like this move will continue and we're looking for a possible entry. "
Price reached the resistance zone and it bounced off.
That looks like an appropriate moment to get into a short position.
However, this move is still kind of weak and so we could see another pullback to the resistance zone.
Every impulse and a breakout of previous lows will confirm this direction.
Do not use big lot size when there is indecision in the market!
"Last week we've had a clear downside move on AUDUSD.
Right now it looks like this move will continue and we're looking for a possible entry. "
Price reached the resistance zone and it bounced off.
That looks like an appropriate moment to get into a short position.
However, this move is still kind of weak and so we could see another pullback to the resistance zone.
Every impulse and a breakout of previous lows will confirm this direction.
Do not use big lot size when there is indecision in the market!
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
