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AUD/USD: Reversal Signal Confirms Market Turn

Published 12/31/2015, 11:54 PM
Updated 07/09/2023, 06:31 AM

AUD/USD 30-Minute Chart

AUD/USD M30 Trade analysis:

  1. At the time of entry background was strong – it is wrong to be bearish in this place. Only weak background is a sign that imbalance between supply and demand is in favor of supply.
  2. Strong signal before trend changed. In addition, there is no weak signal. This is also wrong for a short trade.
  3. Entry was made when dynamic trend turned from green to red – ok.
  4. The trade was not closed after strong signal appeared in the chart. You should close the trade immediately in this place. Reversal signal is supporting exit in this level.

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