Forex AUD/USD trading, Direction & Target Using Futures 6A.

aussie

Forex AUD/USD Trading , 1440min chart

We are in Bullish trend line. On 1st move up, buyers had low volume, and weak movement. Sellers took this opportunity to bring Aussie Price back to MA50. Strong volume but weak movement from sellers.

After Sellers test MA50 and fail to pass, with so much volume, buyers get organize and bring Aussie price to new high.

aud/usd

Forex Aud/USd Trading , 60min chart.

I use 60min chart, to clearly see that we are in a small consolidation. What I’m watching for, is who will control my “Green / Red” zone, and if sellers will pass my “important buyers support”

My Targets are Green line, and Red Line, depending on witch direction you will take. For my self, even if I’m both on this one, will prefer Long position for now.