AUDUSD : Don't lose the forest for the trees
Weekly chart provides the bigger picture and lots more clarity if one is patient enough to draw the trend lines and understand what it is telling us.
Bullish upmove - fast and furious, you can see the candles are charging up almost 90 degrees and within a shorter time frame to reach the pinnacle.
Bearish down move - slower and the slope is more tapered and definitely takes a longer time frame, 8 years and still counting.....
So, are you going to long or short now ?
Bullish upmove - fast and furious, you can see the candles are charging up almost 90 degrees and within a shorter time frame to reach the pinnacle.
Bearish down move - slower and the slope is more tapered and definitely takes a longer time frame, 8 years and still counting.....
So, are you going to long or short now ?
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