The price actions shows it is heading toward .7253 range.
I expect the price to head bullish after it bounces off this range.
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i think in this chart of aud/usd we can go up on short term to that level (75.18-75.80) then we can go lower again in long term to break this support zone soon on that areas (74-74.60)
note : Don’t invest money that you can’t afford to lose
ANALYST: AMUN SULED ➖ COMPANY: OCSI CAPITAL MANAGEMENT ➖
IMPORTANT INFORMATION:📌
- ORDER FLOW : BEARISH
* LSB: breaker retest
* PROJECTED TP :
* PROJECTED SL:
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EUR AUD
Expecting a move to the downside!
Head and Shoulders break and Retest, with good 4H Close now.
Expecting a movedown 1.60000 in the next 1 or 2 weeks!
Also very good risk to reward for this setup!
Why I'm NOT BUYING just YET:
- So far this is not a BREAKOUT
- Wait for a Higher High / RS Flip
- The first attempt to breakout was rejected with long wick
Looks like a fakeout so far...
If you are SHORT:
- Stop above the last high
- Around ~ 0.726
Possible lower targets lined out below...
I think they might be a take off in this pair and current prices are perfect opportunities for buying on dips.
Buy stop at 1.7560
Stop Loss at 1.7460
Take Profit: 1.79 for a 1:3 risk reward ratio
More details here: forex.today
