AUDUSD: Market Commentary 29 December 2018
AUDUSD--The market has reached 0.7780 at key resistance zone and it is still showing to bearish bias market. There is a pin bar appears at completed bearish cypher. It is a signal to sell.
Reasons for Bearish Market:
Downtrend bais
Market completed Bearish Cypher Pattern
Key signal at D point (explained above)
Pin bar touches key resistant zone
Market Plan:
Entry: 0.778
SL : 0.790
TP: 0. 765
Reasons for Bearish Market:
Downtrend bais
Market completed Bearish Cypher Pattern
Key signal at D point (explained above)
Pin bar touches key resistant zone
Market Plan:
Entry: 0.778
SL : 0.790
TP: 0. 765