Alright y’all, let’s talk AUD/USD because this setup is looking interesting. We’ve been in a strong bullish run, climbing straight up from the lows around 0.62150 and topping out near 0.63607. But now, I’m seeing a potential shift. Price has broken below that short-term ascending trendline, which could be an early sign that momentum is slowing down and sellers are creeping in.
Right now, I’m watching 0.63150 closely. If price closes below this level and confirms rejection, I’ll be looking for a sell setup down toward the next key level at 0.62150. However, if buyers step in and we see a strong bullish reaction, then I’d wait for a break and retest of 0.63607 for a potential continuation to the upside.
👀 My Play:
✅ If we break below 0.63150 and hold, I’m looking to short down to 0.62150.
✅ If buyers reclaim control and we close strong above 0.63607, I’ll wait for a pullback and look to long.
Either way, we let price tell us the story and move with it, not against it. Stay patient and be ready to execute when the confirmation hits. Let’s see how this plays out!
Right now, I’m watching 0.63150 closely. If price closes below this level and confirms rejection, I’ll be looking for a sell setup down toward the next key level at 0.62150. However, if buyers step in and we see a strong bullish reaction, then I’d wait for a break and retest of 0.63607 for a potential continuation to the upside.
👀 My Play:
✅ If we break below 0.63150 and hold, I’m looking to short down to 0.62150.
✅ If buyers reclaim control and we close strong above 0.63607, I’ll wait for a pullback and look to long.
Either way, we let price tell us the story and move with it, not against it. Stay patient and be ready to execute when the confirmation hits. Let’s see how this plays out!
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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.