AUDUSD Bias
At the turning point
1. If A double bottom with a bullish divergence forms.
When going up
2. If the eurusd isn't falling while audusd is rising.
The eurusd and audusd pullback's trends is still going strong and have proved themselves many times. Before shorting I'll look for this trend to be broken but for now it's still on. I rather loosing one or two times when trading the trend continuation trend than many trying to predict the top of the whole trend.
Also Danske Bank agrees as according to fxstreet it has a bullish position on with a tp order at ~0.800.
At the turning point
1. If A double bottom with a bullish divergence forms.
When going up
2. If the eurusd isn't falling while audusd is rising.
The eurusd and audusd pullback's trends is still going strong and have proved themselves many times. Before shorting I'll look for this trend to be broken but for now it's still on. I rather loosing one or two times when trading the trend continuation trend than many trying to predict the top of the whole trend.
Also Danske Bank agrees as according to fxstreet it has a bullish position on with a tp order at ~0.800.
