AUD/USD - SHORT
1M
Last month a huge shooting star formed, which tested the Key resistance level of 0.77500. Also at the same time the EMA crossed to the down side.
1W
Also in a bearish trend with EMA pointing downwards, tweezer top forming at the key level of 0.77500 which brought the price down past the weekly support line.
1D
Evening star forming on the close of play today, this also tested the green EMA’s resistance. EMA pointing bearish.
4H
Latest swing shows a good rejection of my key fib level. Followed by a CTL break and a EMA cross over to the downside. Last 4 hours we saw a strong bullish engulfing, this seems to be holding well by the EMA’s resistance. Target is placed at -27 and the next supporting level.
Last month a huge shooting star formed, which tested the Key resistance level of 0.77500. Also at the same time the EMA crossed to the down side.
1W
Also in a bearish trend with EMA pointing downwards, tweezer top forming at the key level of 0.77500 which brought the price down past the weekly support line.
1D
Evening star forming on the close of play today, this also tested the green EMA’s resistance. EMA pointing bearish.
4H
Latest swing shows a good rejection of my key fib level. Followed by a CTL break and a EMA cross over to the downside. Last 4 hours we saw a strong bullish engulfing, this seems to be holding well by the EMA’s resistance. Target is placed at -27 and the next supporting level.
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