SELL LIMIT ORDER ON AUDUSD ACCORDING TO MY TECHNICAL ANALYSIS.Educational Analysis says AUDUSD may go SHORT. According to my technical.
This is not an entry signal. I have no concern with your profit and loss from this analysis.
Why SHORT?
On 4HR AND 1HR timeframe pair is making LOWER HIGH AND LOWER LOWS.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS
HOW TO TAKE ENTRY ON THIS?
On 15 min timeframe, the pair changes its character and the price push toward also pair breaks the major structure
SELL LIMIT ENTRY:- 0.69786
STOP LOSS:- 0.69828
TAKE PROFIT:- 0.66273
Audsdshort
New Downside Correction starting From Resistance 0.7210$Overview: Pair: AUD/USD (Australian dollar/US dollar).
The main trend: Bearish.
The secondary trend :
Bullish. Volatility: High.
Forecast bias: Uptrend in short term.
The Australian dollar has shown slight gains against the US dollar during today's Euro session. The AUD/USD pair traded between 0.7007 and 0.7190, it reached 0.7190, which was the highest price for the pair on record since 25th September 2020. The AUD/USD pair may grow in coming hours because the development of the first wave of the lower level of 0.7007 to continue towards the new top of 0.7190.
Coming days expecting downside correction from Resistance 0.7210$ towards Support level 0.7140$ and 0.7060$
🛑SUPPORT/RESISTANCE
✅S1= 0.7140
✅S2=0.7060
✴️R1=0.7210
✴️R2=0.7315
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AUDUSD @Unexpected Move and Multi Resistance BREAK.Weekly To monthly Base:
The AUD/USD pair has been moving up in a trend and recently the bulls have managed to break through the upper ascending channel boundary and made a new local high 4 MONTHS at the level of 1.6980.
Next few Week Expecting Big correction downside.
Australia's gross domestic product was down a seasonally adjusted 0.3 per cent on quarter in the first three months of 2020, the Australian Bureau of Statistics said on Wednesday. That was in line with expectations following the 0.5 per cent quarterly gain in the three months prior. On a yearly basis, GDP expanded 1.4 per cent - again matching expectations and slowing from 2.2 per cent in the previous quarter. The GDP deflator was up 1.1 per cent on quarter after sinking 1.2 per cent in the three months prior, while capital spending fell 0.8 per cent after sliding 1.0 per cent in the previous three months.
🛑SUPPORT/RESISTANCE
✅S1= 0.6800
✅S2=0.6530
✴️R1=0.6980
✴️R2=0.7125
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