Hi Traders. Above is the market breakdown on AUDUSD. Previously when price dipped below the trendline, I talked about potential short opportunity with a re-test of the trendline then continuation towards 0.7120 - 0.7020 area. However, be aware that price is reaching extreme oversold condition on both the 4h & daily timeframe, snapback is possible. Now we're looking for potential Mean Reversion setup at 0.7120 zone if there's rejection.
If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content.
Trade safe and take care.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content.
Trade safe and take care.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.