Get started
aamores

AUDUSD: Short first but LONG position setting up

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
aamores Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Harmonic Patterns Trend Analysis Technical Indicators AUDUSD Weekly Charts shortsetup LONG swingtrade breakout aud USD
2
0
harmonicpatterns trendanalysis indicator audusd weekly shortsetup long swingtrade breakout aud usd
I don't feel AU is ready for the breakout at market opening tonight. On 4 hour chart, Stoch and candlesticks are already starting to show rejection of downward trendline which is the sell I'll be entering this week.
Will push to zone between .715 and major support at .70985.
It will consolidate there before approaching the over bearish trendline to breakout of the harmonic pattern for a swing trade long position to at least ~ .76275.

Happy trading everyone!
Comment:
sell was good for this week. Au did as expected and rejected the channel on more time. Fell to .72040.
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.