AUD/USD Hints on Bullish direction?

17 avr. 2019

My mentor often tells me to trade what I see and not what I think. Here's what I see...

- A resistance zone being retested... So we can either get a breakout or a reversal... Obvious stuff...
- A broken trendline... confirmed closed candles above trendline indicates upward movement towards the resistance, which it did and is in the process of being retested...
- Then there is the crossover of the moving averages

So I'm going to say that If we can see a confirmed breakout candle above the resistance then we are going Bullish on the trade. We'll have to wait and see...

22 avr. 2019

Note

Waiting for bearish candle to close below trend-line to avoid fake-out...