AUDUSD - Possible SELL
Updated
Price is sitting on top/resistance part of the bullish channel (blue parallel lines); overbought area.
We also see multiple Break of Structure (support) happened with the bearish impulse.
Now we see it retraces back up.
Our bias is bearish.
Price closed Friday near M15 supply zone, near a broken previous support, and is currently sitting in a golden zone for possible sell.
The encircled area is a possible spot for sell.
We also see multiple Break of Structure (support) happened with the bearish impulse.
Now we see it retraces back up.
Our bias is bearish.
Price closed Friday near M15 supply zone, near a broken previous support, and is currently sitting in a golden zone for possible sell.
The encircled area is a possible spot for sell.
Note
can wait for price to reach 0.69583 to confirm bearish move and it should retrace above that before opening a trade
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