FX.co ★ AUD/USD

Hello traders! I am analyzing the situation on the AUDUSD currency pair using the M30 timeframe. Currently, the price of the asset is at 0.65251, and I prefer to actively engage in short positions. The lower boundary of the Bollinger Band at 0.65238 acts as the target for taking profit. I am also monitoring the histogram of vertical volumes. If the price drops below 0.65238 with an increase in volumes, I can assume that this may indicate a culmination of sales followed by a corrective pullback. In such a scenario, opening a long position will be relevant upon a reversal, assuming that the price rises above 0.65329 and firmly consolidates above it. However, this remains part of my secondary plan for the current trading day. At the moment, the main focus is on selling trades. Wishing everyone successful trades!