Using top down analysis, we can clearly see that AUD/USD is BEARISH. The monthly, weekly, and daily candlesticks have printed bearish candles.
These are the 5 confluences I've seen to place a sell on the smaller timeframes
4HR 38.2 FIB REJECTION
3RD TOUCH 1HR TRENDLINE
38.2 LARGER 1HR FIB
50.0 SMALLER 1HR FIB
1HR EMA RETEST
SELL AT 0.67600 - 0.67650 | STOP LOSS AT 0.67700
TARGET 1 0.67400
TARGET 2 0.67250
TARGET 3 0.67200
TARGET 4 0.67000
This is my first idea I've posted. Hopefully my analysis is correct.
These are the 5 confluences I've seen to place a sell on the smaller timeframes
4HR 38.2 FIB REJECTION
3RD TOUCH 1HR TRENDLINE
38.2 LARGER 1HR FIB
50.0 SMALLER 1HR FIB
1HR EMA RETEST
SELL AT 0.67600 - 0.67650 | STOP LOSS AT 0.67700
TARGET 1 0.67400
TARGET 2 0.67250
TARGET 3 0.67200
TARGET 4 0.67000
This is my first idea I've posted. Hopefully my analysis is correct.