MSI_JAL26

AUDUSD Short. Lots of confluence

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Big downtrend instigated by Supply level , circled on the right. Down to a demand level , which started new uptrend with Higher Highs and Higher Lows consecutively.

Buying power has now pushed back into the supply level , unable to form a Higher High. It has now formed a double top and begun its downward phase. Just touching the 20ma aswell, and the MACD is indicating down.

Lots of signals to sell this IMO.

I'd be interested to hear any counter arguments.

Cheers.
Jordan.

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 Private Messages Chat Sign Out