Many of the pairs on my watch list, EUR/USD, GBPUSD, GBPCAD, AUDUSD and NZDUSD, are disposed northwards at the moment. However, the technical outlook is bearish in the medium to long term and I will wait for a retracement to a value area before deciding which of them I will short. For example, retracement of the AUDUSD price action to the 0.69120/0.69430 zone, with a bearish setup on at least the H4 time frame, will pique my interest
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money