Bearish on AUDUSD
The explanation is inside the chart.
The price broke a strong daily support level that now turned into resistance.
It's expected to revisit this resistance area again (around 20 pips far) before continuing to go down again.
Depends on your risk appetite, you can decide on the Stop Loss level.
DO NOT PLACE A PENDING ORDER, but rather wait for the price to move up and then down to take a market sell.
The price broke a strong daily support level that now turned into resistance.
It's expected to revisit this resistance area again (around 20 pips far) before continuing to go down again.
Depends on your risk appetite, you can decide on the Stop Loss level.
DO NOT PLACE A PENDING ORDER, but rather wait for the price to move up and then down to take a market sell.
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