hey traders,
be very careful with trading AUDUSD right now.
from one side we saw a break and close above the recent level of resistance
but
from the other, the market is facing a falling trendline
for now, it is better to let the market decide its future direction
and only then act accordingly.
we can expect bullish continuation only in case of a bullish breakout of a trendline
we can expect bearish continuation only if the market goes below the recently broken resistance
in such kind of ambivalent situations better just stay away and wait!
* this idea is marked as "long" because, personally, I am leaning towards a bullish scenario
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