Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
AUD/USD Bearish reversal forming.
As we can see price is still overall bullish specially after breaking above our major swing high, then the bulls took over!
However, price is approaching a strong resistance zone, where we will be looking for new bearish movement.
Meanwhile, for the bears to kick in we need a new swing low to be formed around the rising trendline, then a break.
Until that price is still overall bullish trading inside this channel.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
AUD/USD Bearish reversal forming.
As we can see price is still overall bullish specially after breaking above our major swing high, then the bulls took over!
However, price is approaching a strong resistance zone, where we will be looking for new bearish movement.
Meanwhile, for the bears to kick in we need a new swing low to be formed around the rising trendline, then a break.
Until that price is still overall bullish trading inside this channel.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!