AUDUSD Short Tues 29/03/22
Monthy:
`On the Monthly we can see where price is coming from, that there was a significant deceleration of the price.
Potentially Bulls getting out of the market and the bears were just preparing the move to the downside.
Monthly Bearish W pattern. Significant monthly highs.
Weekly:
-68 Fib completion
Weekly highs
descending TL
Daily
Daily deceleration at the weekly high selling zone
Daily indicational bearish candle
4H
BOS
4h H+S
`On the Monthly we can see where price is coming from, that there was a significant deceleration of the price.
Potentially Bulls getting out of the market and the bears were just preparing the move to the downside.
Monthly Bearish W pattern. Significant monthly highs.
Weekly:
-68 Fib completion
Weekly highs
descending TL
Daily
Daily deceleration at the weekly high selling zone
Daily indicational bearish candle
4H
BOS
4h H+S
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