AUDUSD Potential Sell
Updated
Weekly:
-remains bearish in my opinion
-closed very bullish
-high probability of opening bearish on the short term
Midrange:
-tapped into a zone of orders/supply level on H4:
-Friday low at 0.66890 the most preferred level to grab liquidity and rally thereafter
-50-60 pip potential
Trade plan: await a close of the spread window (usually 1hr into the market open), and take a sell of the pair if and when the market indicates a clear rejection on M15 in favor of the bears.
Target: 0.66850
NOTE: this is not to be construed as financial advice. It is simply my opinion based on my analytical tool.
-remains bearish in my opinion
-closed very bullish
-high probability of opening bearish on the short term
Midrange:
-tapped into a zone of orders/supply level on H4:
-Friday low at 0.66890 the most preferred level to grab liquidity and rally thereafter
-50-60 pip potential
Trade plan: await a close of the spread window (usually 1hr into the market open), and take a sell of the pair if and when the market indicates a clear rejection on M15 in favor of the bears.
Target: 0.66850
NOTE: this is not to be construed as financial advice. It is simply my opinion based on my analytical tool.
Trade closed: stop reached
Thesis disproved. My focus now shifts to the old weekly high at 0.67718.
I'm still quite bearish on the pair, based on the weekly assessment of the market
environment.
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