FOREX NEWS | FOREX TRADING | PRICE ACTION

Hello Naked Price Action Traders.

Aud/Usd

Aud/Usd lost ground in recent weeks. By yesterday, however, the price found support near 1.0400 area forming a Pin Bar that today pushed the price sharply upwards. If this market were to form a clear and obvious short signal consistent with my trading plan I could consider it  to go short on the couple. The resistance area to see the signal is near 1.0500. If instead the price will continue to rise I  will change my idea by adjusting my plan with the new momentum. I just want to see a signal to confirm my analysis!

 

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