AUD/USD - SHORT SHORT SHORT
Hi all,
here we have the AUD/USD, as you can see this was in a bullish uptrend, and then we have failed to ralley back up to the trendline to continue to be bullish, which brings me to my next point.. a impulse move down signalling a bearish sign with a little pullback which we can start to see a 'double top' in key area A which could be a entry signal to short,
scenarios could be:
once price is at 'key area B' we could wait for a consolidation and a entry point on a smaller time frame to continue the bearish run down to the previous low BUT if this fails to break 'key area B' there could possibly a range between the two key areas,
** THIS IS MY OWN OPINION AND NOT FINANCIAL ADVICE - THIS IS FOR EDUCATIONAL PURPOSES AND MYSELF AND OTHERS TO SHARE KNOWLEDGE ABOUT TRADING **
Good luck to all and trade safe!
L
here we have the AUD/USD, as you can see this was in a bullish uptrend, and then we have failed to ralley back up to the trendline to continue to be bullish, which brings me to my next point.. a impulse move down signalling a bearish sign with a little pullback which we can start to see a 'double top' in key area A which could be a entry signal to short,
scenarios could be:
once price is at 'key area B' we could wait for a consolidation and a entry point on a smaller time frame to continue the bearish run down to the previous low BUT if this fails to break 'key area B' there could possibly a range between the two key areas,
** THIS IS MY OWN OPINION AND NOT FINANCIAL ADVICE - THIS IS FOR EDUCATIONAL PURPOSES AND MYSELF AND OTHERS TO SHARE KNOWLEDGE ABOUT TRADING **
Good luck to all and trade safe!
L
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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.
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.