CapitalHillFX

Potential Sell Setup on AUDUSD

Short
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Looking at AudUsd, recent price action has been favoring the sellers when technically analyzing the charts. We've recently broken a Weekly Horizontal Level and continued with some bearish momentum.

I'll be waiting for price to come back to a Significant Pivot Point that includes a Weekly Horizontal Level and Non-Horizontal Resistance Level. The multiple levels of significance provide the setup with confluence, which helps validate the overall trade. Let's see if she could setup.

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