AUD/USD-Daily overview
Hello everyone!
-On a daily chart, we can see that the price tested and rejected a strong resistance area within 5 days,...
-We can see that the bulls are losing momentum so we may expect that the bears are going to take some control.
-We can see a nice Doji pattern in the resistance zone and that is a nice sign that trend is going to change.
-The Stochastic indicator is showing us an overbought area so that is an extra sign that we want to look for taking short positions on this pair.
-Before taking action in Forex, please check the economic calendar and currency strength meter.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not Financial advice.
-On a daily chart, we can see that the price tested and rejected a strong resistance area within 5 days,...
-We can see that the bulls are losing momentum so we may expect that the bears are going to take some control.
-We can see a nice Doji pattern in the resistance zone and that is a nice sign that trend is going to change.
-The Stochastic indicator is showing us an overbought area so that is an extra sign that we want to look for taking short positions on this pair.
-Before taking action in Forex, please check the economic calendar and currency strength meter.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not Financial advice.
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.