Greetings Forexia Family, lets see whats going on with AUDUSD.
As i can see from the 4hr chart below that the price had rejected the resistance which traps the most of the traders in the market.
Plus we can see that the price had broken the trendline. This gives me another confimation that the price had trapped another type of sellers.
Thus, I beleve that the pair has more potentials to go up!.
I am expecing the scenario below in the London session. If the pair does not show what i am expecting to see i wont enter into the trade.
PLEASE USE THIS ANALYSIS AS A GUIDE TOOL FOR YOUR TRADING AND USE PROPER MONEY MANAGEMENT IN YOUR TRADING