AUD/USD Update (Preparing for US Session)
Updated
Good Morning Traders,
I've shorted this market since the pink line that you can see on the chart and now I'm looking to add to my short as we are going to see a strong push down into the top of the range of 4 hour chart which is around 0.7969 area. Key things to watch is high impact US data that is expected in a hour but the data should favor the short as the banks are getting ready to push down into demand area which is the red box on the chart and that's where I have my take profits set.
Trade with care and good luck.
I've shorted this market since the pink line that you can see on the chart and now I'm looking to add to my short as we are going to see a strong push down into the top of the range of 4 hour chart which is around 0.7969 area. Key things to watch is high impact US data that is expected in a hour but the data should favor the short as the banks are getting ready to push down into demand area which is the red box on the chart and that's where I have my take profits set.
Trade with care and good luck.
Trade active
Note
We are approaching demand zone so get ready to start taking profits once we enter the red box on the chart.Note
Price is now entering demand zone. Get ready to start taking profits from any shorts you have open.Trade closed: target reached
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