dmacfx

Back at pre-corona capitulation levels. Looking for short oppo.

Short
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Price has almost retraced the entire capitulation leg. Hard to believe there will be any sustained buy interest at these levels, at least for the short/medium term. Waiting for price action to confirm sell opportunity.

Rejection from overhead resistance and break of UT line.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.