AUDUSD: Analysis and Plan for the week ahead(26 MAY 2019)

2019년 5월 25일

I am still new to this but I am still learning. I am just sharing of what I feel through the analysis that I did while the market was closed on the weekends.

This is the AUDUSD pair. From what I have analysed, this is what I feel the market would do. At the moment, it is an UPTREND. But it looks bearish as the candlestick pattern starts to look like a bearish engulfment. The price might go down first and hit a key level before continue to go up. Wait for the next candlestick before taking the trade.

Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.