AUDUSD: Long
Hi all,
In my opinion, I am quite nervous with the M Pattern that I see in 4H chart. However, historically if I go through bar by bar, I think this pair honors trendline more than chart pattern. And, I see RSI (Daily) is above 50 but I am waiting for bounce back confirmation before open position Long (red candle but RSI still above 50). Interestingly, I find resistance line from Jan 2018. That will be my optimistic target.
Please share your opinion if you think my analysis is wrong and give support if you think I am right.
Thank you.
Cheers
Khres
In my opinion, I am quite nervous with the M Pattern that I see in 4H chart. However, historically if I go through bar by bar, I think this pair honors trendline more than chart pattern. And, I see RSI (Daily) is above 50 but I am waiting for bounce back confirmation before open position Long (red candle but RSI still above 50). Interestingly, I find resistance line from Jan 2018. That will be my optimistic target.
Please share your opinion if you think my analysis is wrong and give support if you think I am right.
Thank you.
Cheers
Khres
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.