USDAUD trade ideas
AUDUSD WEEKLY ANALYSIS 13-12-2021#forexsignals #freeforexsignals #dailyforexsignals #weeklyforexsignals
#AUDUSD weekly bias looks bullish. The buyer’s price of interests are 0.7108, 0.7098, 0.7019, 0.7006
The possible targets are 0.7175, 0.7260
These analysis are based on the current market swing and we update our views based on the upcoming future swings
How to trade REVERSALWhenever the price rally very quickly to support or resistance level. It is difficult for price to break the level
Because all the sellers are exhaust making this type of movement now buyer are waiting with money
To buy at support level
The price may go down so be cautious at this level
Use lower time frame for better time ur entry
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How trend changeThe price is making higher high with support of 20 sma and finally at top the price made a double top like patter which is other indication of trend change
20 sma is very important ma for short trend but first see that the price validate that indicator or behaviour
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Good opportunity If u see the price is at very critical level of support price follow this level in past many time
Now we are at same level and secondly the price is consolidating which is second confirmation
Go long only if price break the resistance level and took support of 20 sma
You stoploss is 20 sma if price is going in our direction
The price may go down you have to be cautious at this level
Best of luck and keep learning
HOW TO USE MOVING IN BEST WAY# STEPS
# first see that the price is respecting moving average ( there is no best moving average)
# second draw a trend line like this example
# entry trigger is the candlestick patter
Important - the price must in uptrend and tested moving average 2 times
Keep learning and earning