theforexportal

BEAR pressure building on AUDUSD

FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD - Last week I recommended BUYING this market at open (.7572) and we are now at .7725.
Price has now pushed well into a solid resistance zone and although further gains cannot be ruled out and the RSI suggests we have scope to go higher, the market may be ready to stall out.
The last H4 candle was a shooting star / hammer bearish reversal and we could be seeing a reversal start.

Trade idea.
No LONG trades from these levels
Under .77 is probably a SHORT trade.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out