AUDUSD SELL
The market is currently testing a major resistance zone
based on weekly and monthly TF. I do see a possible reversal chart pattern on the daily TF. The market is currently testing the 0.618 Fib level on 4HR TF. Should the current level hold, we see some bearish momentum. Lets see how this will play out
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
based on weekly and monthly TF. I do see a possible reversal chart pattern on the daily TF. The market is currently testing the 0.618 Fib level on 4HR TF. Should the current level hold, we see some bearish momentum. Lets see how this will play out
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.