AUSSIE/DOLLAR has printed sell signal on trend level 0.7625Here we are on Aussie/Dollar daily chart and as we discussed on our last analysis of this market dated 23rd Nov this market is in down trend and was stalling on that level for two consecutive days. we have predicted that market may fall from here once again looks like on last daily session NY closing it has printed Bearish fakey / Bearish engulfing setup. We have good confluence factors lining up here such as trend, 20 ema's dynamic layer, fib retracment 50% level and signal itself. We will be getting short in this market. good trading!
Audusdpa
AUSSIE/DOLLAR is turning back towards trend level 0.7625As we are on Aussie/Dollar daily chart we can see this market is in down trend. price had made new lower low on 17-Nov-2017 and now market is turning back towards 0.7625 which is acting as near term daily support level. Also notice that this market was in consolidation phase from 6th to 10th of November. Technically price is coming to retest this past consolidated structure. We will wait and look for any sell signals from 1 hour / 4 hour or daily chart to get in shorts. We have great confluence factors lining up here such as Bearish trend, 20 ema just above the price, Fib retracement level 50-60%, horizontal near-term support near by. good trading!