AUDUSD: Expecting Downside, Intraday Trading More Favourable #FX
Traders,
Looks like a nice area to short, to at least the previous bottom (0.6890's target)
----THIS IS MORE FAVOURABLE FOR INTRADAY TRADERS- This is because we are nearing target, and is more advisable to trade on a lower time frame to protect capital.----
There may be a pullback higher first (A very brief pullback) before we see the opportunity desired, to get in short. But it could plummet straight away, no way of knowing. Best to watch and let the chart tell you when to get in this properly.
Best of luck with your trading,
Tom
Note: I offer face to face, and online personalised tuition to people who wish to become professional traders. For more details of these trading courses I offer, message me on here, or email me with the email address on my profile page. Thank you.
Looks like a nice area to short, to at least the previous bottom (0.6890's target)
----THIS IS MORE FAVOURABLE FOR INTRADAY TRADERS- This is because we are nearing target, and is more advisable to trade on a lower time frame to protect capital.----
There may be a pullback higher first (A very brief pullback) before we see the opportunity desired, to get in short. But it could plummet straight away, no way of knowing. Best to watch and let the chart tell you when to get in this properly.
Best of luck with your trading,
Tom
Note: I offer face to face, and online personalised tuition to people who wish to become professional traders. For more details of these trading courses I offer, message me on here, or email me with the email address on my profile page. Thank you.