AUDUSD - Trendline Break
Well, this week I'm spoilt by choice, I've all my 12-pairs lighted up for a trading opportunity, I've chosen this, AUDUSD to showcase for the week.
In trading, one thing we can't be persistence about is our analysis, our view in the market.
Once we have seen that the market has broken a level that it shouldn't be, we should analyse and see if there's is an opportunity to continue to trade the same direction or to reverse it if the opportunity presents itself.
A break and close above the bearish trendline have turned the situation bullish , I will head in for a buying opportunity if the market didn't break and close below the trendline, even if it does, the blue box will be the last area that will be holding it for an immediate buying opportunity.
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