AU
AUDUSD: Bears Ready To Take Back OverExpecting that the AUDUSD pairs recovery from multi-year lows was corrective and could be complete as price stalled well in bearish territory.
Looking for a break below 0.6775 for continued decline.
Support Levels / Targets
0.6730 -- 0.6680
*RBA's Governor Lowe testifies that Aussie’s depreciation bodes well for the economy, but also reiterated that further rate cuts are on the table, mainly if other central banks continue in the easing path.
**Not Professional Advice - Take trades at your own risk.
-Krecioch
AUDUSD Analysis 30/6/19H4 Chart
D1 Chart
30/6/19
Daily bearish trend yet to be broken (price did not break previous high) even though price made double bottom.
Double bottom near weekly now also daily support.
IF price break previous high of the double bottom, potential 36p movement towards the trendline and nearest resistance.
Looking for SELL setup within yellow zone, SELL setup VOID if price breaks the resistance area & trendline.
(IF this happen, look for BUY setup)
AUDUSD - Intraday short ideaAUDUSD H4
Third touch of the trendline
+
Fib golden pocket (61.8 - 71%)
+
Fib time zone (1.5 - 2)
Should see a nice short happening (intraday idea)
1. This profile is for educational purposes ONLY!
2. The setups given are my own perspective of the forex market and by no means require action!
3. Trading involves risk, past profits do not guarantee future results, so never risk what you are not willing to lose!
@PipsOfPersia
t.me