Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on AUDUSD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please...
Today I am highlighting possible trade ares on AUDUSD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please like and follow the channel, there is lots more...
Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on AUDUSD, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please...
Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on AUDUSD. Last week at some point it did send out a analysis breakdown on this pair expecting the pair to short. We are approaching structure break points keep a close eye on this pair for the swing short.
If you any questions on the pair let me know in the comment...
AUDUSD - we saw a test of the lows around 0.70 then bounced back up to 0.7133 . We are fast approaching the 0.7140 downward trend line and sell zone.
We could head past the trend line in the short term with all the current swings we are experiencing and I will therefore sell another clip around 0.7175 if we get there.
However, if we do manage to stay below...
0.71900 is a strong support and resistance level as you can see from where i have marked with arrows on the chart, historically price touches this level and bounces, if you do a bit of back testing you can see for yourself. Also bulls have tried to push price through this level for the last 5 weeks failing to do so, this week i see bears taking control and pushing...
We can see previously when price broke this level it dropped significantly to the highlighted level of support, I expect the same thing to occur
I see multiple points of divergence and price had dropped previously only to retest the area
I see a flag formation formed as well so once thats broken... BOOM big sell
Getting in this later with the following...
Previous when price broke this level it plummeted, im expecting price to do the same again now
I am waiting for support to be broken before entry but below is the signal i will use
AUDUSD - SELL
SL - 0.71552
TP - 0.64478
