For those eyeing AUDUSD, here's my take:
While some might be tempted to buy, anticipating a retracement (UP) due to the recent price action, I'm not focused on buying opportunities. Instead, I have more strategic shorting setups in mind.
4-Hourly Chart:
- Resistance Levels: Waiting for a retest at 0.6638 or a retest of the channel for shorting opportunities.
1-Hourly Chart:
- Resistance Levels: 0.6595, 0.6613, and 0.6636.
- Preferred Entry: 0.6636 is my ideal shorting price, as it aligns with the key resistance level.
What's your trade plan for AUDUSD? Comment down below and share your insights!
Happy trading!
While some might be tempted to buy, anticipating a retracement (UP) due to the recent price action, I'm not focused on buying opportunities. Instead, I have more strategic shorting setups in mind.
4-Hourly Chart:
- Resistance Levels: Waiting for a retest at 0.6638 or a retest of the channel for shorting opportunities.
1-Hourly Chart:
- Resistance Levels: 0.6595, 0.6613, and 0.6636.
- Preferred Entry: 0.6636 is my ideal shorting price, as it aligns with the key resistance level.
What's your trade plan for AUDUSD? Comment down below and share your insights!
Happy trading!
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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.
🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.