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AUDUSD Ranging - 8 June 2021


(@admin)
Member Admin
Joined: 3 years ago
Posts: 69
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After a wonderful bullish run the AUDUSD is now RANGING!:

On the H4 we can see that the price has been ranging for about a month now in a channel from which it unsuccessfully tried to escape twice - but strongly rejected each time: (The red band shows where most of the transactions/volume takes place)

On the H1 we can see the sideways CHOPPY movement which is deadly for trading. DO NOT TRADE THE AUDUSD NOW! Wait for a breakout and direction.

 

 


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