Audusd: where to think of a potentially sell?
Traders,
💦 As you can see there had been a very strong bear move on this currency .
Price pentrated sevral strong support zone and now is in a corrrction move.
📊 What we may expect?
There is a very nice stop loss pool on the top of this zone that attract buyers to enter in this area.
📊Potential sell zone?
- We look price action approach to red rectangle zone-0.6570
To sell at this point we need confirmation then plan a sell with a very tight stop loss.
-Second point at this box is 0.6610 the exterem of this flag that is also allocated with qusimodo which is a better point with a very small stop loss.
As a trader you must follow pa approach to each one of this two point to decide what to do and how to enter a trade.
Have fun
💦 As you can see there had been a very strong bear move on this currency .
Price pentrated sevral strong support zone and now is in a corrrction move.
📊 What we may expect?
There is a very nice stop loss pool on the top of this zone that attract buyers to enter in this area.
📊Potential sell zone?
- We look price action approach to red rectangle zone-0.6570
To sell at this point we need confirmation then plan a sell with a very tight stop loss.
-Second point at this box is 0.6610 the exterem of this flag that is also allocated with qusimodo which is a better point with a very small stop loss.
As a trader you must follow pa approach to each one of this two point to decide what to do and how to enter a trade.
Have fun