AUDUSD is still Bullish
AUDUSD is still pretty much bullish even with all this consolidation. As long as price can stay above the support level we can see price continuing bullish. Also the H4 made a nice false breakout forming a potential inverted head and shoulders. The only way this setup won't be valid is if we get a daily Higher timeframe candle close below that level.
Currently
83% of traders are in short positions
17% of traders are in long positions
SIDE NOTE- DON'T BE THE MAJORITY
Currently
83% of traders are in short positions
17% of traders are in long positions
SIDE NOTE- DON'T BE THE MAJORITY
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