HOURLY BREAKER ON AUDUSD, LOOKING TO SHORT ON OPEN Going through H4 and 60M charts, Post Brexit high has been taken indicating a possible change in market structure and bearish sentiment.The last two daily candles have shown strong selling of the pair and if the hourly breaker holds there could be another day of bearish movement. We will be watching the 15M chart carefully on open to catch this move to the pip!
Audu
AUDUSD 4 HOUR SHORTPrice bounced off the 0.236 fib several times forming a evening star and then several bearish pinbar candlestick patterns in a row. This is indicating selling pressure, we could see price advance to the downside soon. My preference is a rally up to the 0.5 fib in confluence with some structure but advancing up to that level is looking less likely. RBA meeting on Tuesday so id advise to get in before the meeting because im confident RBA will be dovish which will weaken AUD causing AUDUSD to plummet