- According to the most brokers’ data, more than half of the traders are currently in long positions on AUDUSD. As a result, we recommend considering only Short trades at this time.
- The present level of MVP, which is above the current price, favors Sell Orders.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
- The risk/reward ratio allows you to set Take Profit at the same level where the SLC indicator signals that there are Stop orders - 0.6155
Chart & Analyst Comments
