figured id give this forum a go and see your thoughts on AUDUSD today.
Im very much a beginner so could be completely off here (one other reason I'm posting) personally I think I may have sold far to soon. what are your thoughts?
Black line = 20 sma
Blue = 10 sma
Would appreciate any feedback too.
Hi Chris, I've been monitoring AUDUSD myself the past few hours, on the higher time frames (particularly Daily & Weekly) we can see a clear downtrend, MA's are looking favourable for a short. You likely would have been able to get a slightly better entry, based on relatively small push on the current lower time frames, but with a comfortable SL you should be fine! Good to see your ideas being shared, keep them coming! _Jordi