- 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.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- MVP line is above the price and acts as a resistance level.
- Set Take profit at the local price minimum.
AUDUSD - Downward trend will continue, Short trade by market price recommended
December 19, 2022 1:16:56 PM
Forecast Details
PairAUDUSD
Direction
Sell
StatusClosed (0.6655)
-60 p
0.6770
Stop Loss
0.6710
Entry
+55 p
0.6655
Target 1
Chart & Analyst Comments
