We are currently looking at AUD/USD.
I am selling AUD/USD
The candle stick circled above shows that buyers were trapped at this exact moment in time. priced wicked back about 56 pips and formed a LONG DOJI.
which is indicating that price is going down and that there is a buyers trap. The candle stick has no bullish sentiment at all look at it.
and it is on a daily time frame. if you want to get a good entry you could , enter on the 4 hour or the 8 hour.
however it looks like it can go down from here to 71433.00 I would take profit thought after being up 50+ pips
I am selling AUD/USD
The candle stick circled above shows that buyers were trapped at this exact moment in time. priced wicked back about 56 pips and formed a LONG DOJI.
which is indicating that price is going down and that there is a buyers trap. The candle stick has no bullish sentiment at all look at it.
and it is on a daily time frame. if you want to get a good entry you could , enter on the 4 hour or the 8 hour.
however it looks like it can go down from here to 71433.00 I would take profit thought after being up 50+ pips
MRXAU