The 5%ers' Blog

Day Trade Analysis AUD/USD 08/05/18

May 8, 2018 | 3:57 pm | The 5%ers' Blog
May 8, 2018 | 3:57 pm
The 5%ers' Blog

Those are the key levels for an intraday position at AUD/USD.

If the price will break out the resistance above it indicates the price tends to reach the supply above, that scenario can create a signal for buy position in order to reach the supply, this supply level is a great continuation level of sell position, therefore I’ll sell at this supply.

Our Tradingview Channel: https://www.tradingview.com/chart/AUDUSD/Wb7HduAQ-Day-Trade-Analysis-AUDUSD-08-05-18/

 

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