AUDUSD SELL
My view on AUDUSD:
Daily TF we have a nice Head And Shoulder patern.
Price needs to retest the neckline, together with the
last structure point: 0.67000.
The 4HR needs to shift bullish and go back to the zone.
As soon we get to the zone we need a bearish shift of
structure to have the daily and the 4HR bearish.
After that 4HR shift we need a LT pullback. If the pullback
is bullish then we wait for a bearish shift of structure and
a bearish engulfing candlestick. If the trend was allready
bearish, then we only have to wait for a bearish engulfing
candlestick
Daily TF we have a nice Head And Shoulder patern.
Price needs to retest the neckline, together with the
last structure point: 0.67000.
The 4HR needs to shift bullish and go back to the zone.
As soon we get to the zone we need a bearish shift of
structure to have the daily and the 4HR bearish.
After that 4HR shift we need a LT pullback. If the pullback
is bullish then we wait for a bearish shift of structure and
a bearish engulfing candlestick. If the trend was allready
bearish, then we only have to wait for a bearish engulfing
candlestick
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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.