AUDUSD SELL #Forecast
Technical Analysis:
-4h has reversed twice off of the Monthly resistance we have
-4h candle has also closed below our trend line
-On the 1h you can see how nicely price broke through the trend line, it technically already retested it and dropped so we may not see it happen again.
-Purple zone is in confluence with fib levels and where we had price drop on the hourly before
-We have a market shift in momentum to the downside on the 1h
-Wait for price to get into the purple zone and print a reversal or exhaustion pattern before selling
** I would be careful with this since EURAUD looks to be dropping as well and selling both would be a little contradictory. But, it can 100% happen. **
-4h has reversed twice off of the Monthly resistance we have
-4h candle has also closed below our trend line
-On the 1h you can see how nicely price broke through the trend line, it technically already retested it and dropped so we may not see it happen again.
-Purple zone is in confluence with fib levels and where we had price drop on the hourly before
-We have a market shift in momentum to the downside on the 1h
-Wait for price to get into the purple zone and print a reversal or exhaustion pattern before selling
** I would be careful with this since EURAUD looks to be dropping as well and selling both would be a little contradictory. But, it can 100% happen. **
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.