AUDUSD sell (intraday)
Updated
The idea revolves around D, 4h, 1h and 30m timeframes.
That's all, wish you a good trade.
- 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.
Note
I use the 30m timeframe only for the confirmation
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.