Following yesterday’s bullish momentum—sparked in part by Trump’s speech—AUDUSD rallied up to a previous lower low (LL) at 0.61926. This level now acts as a potential resistance zone.
As price approaches this key area, the current H4 candle close will be crucial. If we see a strong rejection from 0.61926, this could set up a short opportunity, in line with the broader bearish trend structure.
📌 What to Watch:
Price reaction at 0.61926 (previous LL)
H4 candle close: bullish continuation or bearish rejection?
Confirmation of rejection (e.g., wick + bearish engulfing) for a potential short entry
⚠️ Reminder: These are my personal views only – not financial advice (NFA). Trade safe.
As price approaches this key area, the current H4 candle close will be crucial. If we see a strong rejection from 0.61926, this could set up a short opportunity, in line with the broader bearish trend structure.
📌 What to Watch:
Price reaction at 0.61926 (previous LL)
H4 candle close: bullish continuation or bearish rejection?
Confirmation of rejection (e.g., wick + bearish engulfing) for a potential short entry
⚠️ Reminder: These are my personal views only – not financial advice (NFA). Trade safe.
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.
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.