- According to the most brokers’ data, more than half of the traders are currently in short positions on AUDUSD. As a result, we recommend considering only Long trades at this time.
- The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
- The MVP indicator shows the uptrend. We take this into account as one of the important factors in today's forecast.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- Set Take Profit at the local high, beyond which there is a cluster of orders.
Chart & Analyst Comments
