JacksonKua

Trading lesson on AUDUSD

FX:AUDUSD   호주 달러 / 미국 달러
On 4 hours timeframe, you can see AUDUSD is reacting the market retracement when the selling signal is weakening at the supporting region of 0.62812. After that, the market is reactive to retrace the market direction of AUDUSD. However, the market is weaken to retrace the market due to the reaction long wick candlestick. On the forex trading, long wick candlestick is known as invalid candlestick pattern on the market chart because it may be made a false breakout above to ascending trend line and resistance region,which indicates the market direction is distorted by the long wick candlestick.
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