AUDUSD - A potential long then short
On the higher timeframe, we are expecting more downside potential on the Aussie.
However, we might still get a short term long opportunity on AUDUSD looking at the hourly timeframe.
Price has been move down correctively, giving us the expectation of one more upside towards 0.8000 area before the bigger downside move.
**Disclaimer - ensure you have a proper trading plan and risk management strategy before taking any trades.
However, we might still get a short term long opportunity on AUDUSD looking at the hourly timeframe.
Price has been move down correctively, giving us the expectation of one more upside towards 0.8000 area before the bigger downside move.
**Disclaimer - ensure you have a proper trading plan and risk management strategy before taking any trades.