The AUDUSD is trading in a short term range around a LT resistance level (blue level):
Here is my trading plan:
As long as the AUDUSD keeps trading in between both green levels, I will try to trade the ST range.
If the AUDUSD breaks the ST resistance level (upper green level), it will trigger a bullish market condition and only long opportunities will be in play.
If the AUDUSD breaks the ST support level (lower green level), it will trigger a bearish market condition and only short opportunities will be in play.
Tags: AUDUSD Analysis