Hello dear Aussie/Dollar traders, forex friends, hope you're doing well! ;)
This is my first video to the AUD/USD chart: I'm gonna tell you about my background and why I'm doing Edgy.
We have now arrived at the crucial previous bottom range at 68.5 Cents inside the Equilibrium to 70 Cents: The bulls need to see a bounce going on from this range. We're oversold on the 4H and will become oversold up to the Daily if we keep going down lower: This is a clear mean-reverting play.
If the bulls don't manage to hold the 68.5 Cents and bounce from this zone eventually (not talking about short-term), we will look towards 2009 financial crisis lows.
Have fun watching! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
This is my first video to the AUD/USD chart: I'm gonna tell you about my background and why I'm doing Edgy.
We have now arrived at the crucial previous bottom range at 68.5 Cents inside the Equilibrium to 70 Cents: The bulls need to see a bounce going on from this range. We're oversold on the 4H and will become oversold up to the Daily if we keep going down lower: This is a clear mean-reverting play.
If the bulls don't manage to hold the 68.5 Cents and bounce from this zone eventually (not talking about short-term), we will look towards 2009 financial crisis lows.
Have fun watching! ;)
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
