AUDUSD: Market Commentary 29 December 2018
AUDUSD--The market has reached 0.7780 at key resistance zone and it is still showing to bearish bias market. There is a pin bar appears at completed bearish cypher. It is a signal to sell.
Reasons for Bearish Market:
Downtrend bais
Market completed Bearish Cypher Pattern
Key signal at D point (explained above)
Pin bar touches key resistant zone
Market Plan:
Entry: 0.778
SL : 0.790
TP: 0. 765
Reasons for Bearish Market:
Downtrend bais
Market completed Bearish Cypher Pattern
Key signal at D point (explained above)
Pin bar touches key resistant zone
Market Plan:
Entry: 0.778
SL : 0.790
TP: 0. 765
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.