The AUDUSD is probably the currency pair that I like the most today. Take a look at the daily chart, its clear that is has plenty of upward pressure, and I think it will continue its way up until it reaches the next LT resistance level at 1.0982:

You may ask, why would I care about the daily chart if I’m a short term trader?

You should care though, if its clear that the AUDUSD is trading in a bullish condition, then try to look for long opportunities, if doesn’t matter if they are short term trades, if you go long, your trade has a higher chance of hitting your take profit order if you go long!

Trade Safe!

Raul Lopez
Forex Course
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