AUDUSD Trade Idea
In the previous analysis, I expected AU to have deeper pullbacks towards 0.7640 support zone as i noticed the buyers' weakness due to the complete digestion of bullish impulse, which was exactly what the market performed. Currently looking at short-term selling opportunities after some pullback around 0.7696 - 0.7703 zone for some bearish continuation setup with 0.7640 zone yesterday's low as the initial target. We need a bearish candlestick pattern as trigger to validate the setup, i doubt price would retrace all the way back to 0.7740 zone, but if it does will be looking for a triple top setup.
Trade safe.
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Trade safe.
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Note
Previous analysis
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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.