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AUDUSD sell (intraday)
Australian Dollar / U.S. Dollar
Short
AUDUSD sell (intraday)
By vioralle
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Updated
May 17
2
May 17
The idea revolves around D, 4h, 1h and 30m timeframes.
The audusd pair recently made a huge rejection after hit the daily resistance
There is no new key level in the 4h timeframe (except the new transformed support), so at least the price will likely go to that level once again
There's a multiple mini resistance in the 1h timeframe (yellow dashed line) which is not fresh anymore unless the .66786
The previous daily resistance which acts as a support now is still our target to go
If you take a look at the dxy, the dxy already support this idea (cause the dxy also rebounds on the daily support)
That's all, wish you a good trade.
May 17
Note
I use the 30m timeframe only for the confirmation
Chart Patterns
Trend Analysis
vioralle
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