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AUD/USD – Looking for a top in 4 hours chart

Wednesday, March 1, 2017 14:15
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aud-usdTrend is bullish in four hours chart. Important key support level is present at 0.7604 price level. In past few trading days, price is moving sideways and it seems to me that Bullish Triple Zig Zag is going to end soon. So, I am looking for a top in AUD/USD currency pair.

Currently; the trend is still up because price action of AUD/USD is still above 0.7604 support level. A good idea is to look for a buy trade with care. However; if price manages to close a bearish candlestick below 0.7604 critical support level then up trend is going to end. Henceforth, I may jump at the chance to stay out of the market and re-inspect the AUD/USD price action.



Source: http://fxinstructor.com/blog/audusd-looking-for-a-top-in-4-hours-chart

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