AUDUSD is headed for a new swing flow, from overall bullish market. The problem is that price close at the end of week above higher high level but didn't maintain enough time to prove its entering spot. Our expectation for this currency pair is showing potential bullish moment after sellers first reaction of the market. Your job as a buyers, is to follow momentum flow (this time on 1 hour timeframe). Therefore, if price will go straight up, then wait for closing perioud of 4 hour candle and do not getting into the market from 1 hour timeframe overview.
Hope this short explanation from audusd will helps you find your balance. If you're interesting for more, you can also join our daily suggestions
Actually is a perfect timing for a short trade on an overextended market to previous daily-weekly-monthly supply zone,not mention the gold's correlation.
EliteFxAcademy
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@The_Greek_Trader, you're right, but we are probability of what could happen. This is why we have to see first sellers reaction. Till we don't have enough data, this trade is not good to trade for long position not short.
The_Greek_Trader
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@EliteFxAcademy, Yes of course after confirmation always, but we do have a lot of red flags for further continuation trade.