Will Duxon
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If you look at the analysis I did yesterday, you'll note that the immediate trend on my hourly chart suggested scalping long positions if price dropped below 0.7595. Not only could you have scalped a few pips, you could have held on for a few dozen more.
However, at 0.7667, I suspect the pair will be pulling back a bit sometime in the not too distant future.
I overlooked the inclusion of 4-hour charts in my analyses yesterday, which is why my tables had an extra row at the bottom. So what did they say?
According to my 4-hour AUDUSD chart, this pair is long, but has been prime for a pullback for the last six hours, though that is of course no guaranty it will actually materialize.
I will almost assuredly look to go long again should price drop back down to the neighborhood of 0.7586 to 0.7607.
If you look at the analysis I did yesterday, you'll note that the immediate trend on my hourly chart suggested scalping long positions if price dropped below 0.7595. Not only could you have scalped a few pips, you could have held on for a few dozen more.
However, at 0.7667, I suspect the pair will be pulling back a bit sometime in the not too distant future.
I overlooked the inclusion of 4-hour charts in my analyses yesterday, which is why my tables had an extra row at the bottom. So what did they say?
According to my 4-hour AUDUSD chart, this pair is long, but has been prime for a pullback for the last six hours, though that is of course no guaranty it will actually materialize.
I will almost assuredly look to go long again should price drop back down to the neighborhood of 0.7586 to 0.7607.
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