Audusdsell
AUDUSD SHORT PatternAs you can see from this chart, AUDUSD is at a downtrend and will be going down some more to the support line. If it fails to break the support line, then it will definitely push back up before moving back down again. Please like, follow, and share if you found this analysis useful!
#AUDUSD SHORT.. On 4 hour chart; #AUDUSD reached a strong resistance line, SAR and T3 curve became negative, and the rising trend of RSI is broken so the price is likely to fall..
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AUDUSD rally could come to an end hereHello friends, AUDUSD has been rallying strongly after taking a nosedive in March. However, this relief rally could be coming to an end very soon.
AUDUSD faces strong resistance at the 100D EMA and also the previous high around 0.6450.
In my opinion, the area between 0.64 to 0.6520 could be the Potential Reversal Zone(PRZ) for AUDUSD.
Re-test of 0.63402 before potential selling momentum We have price moving in what i would class as a retracement. I am looking at short term movement in this picture, price is showing potential to sell for at least 100 pips. Stop loss has been marked, if price moves to our stop loss it invalidates this pattern. Take profit has also been marked.
It's very important that you manage your risk. DO NOT risk more than 2% on this trade or any trade for that matter. Capital preservation should be your first priority.
This is the Best Area to sell AUDUSDHello friends, many of you might have considered selling AUDUSD after the drop last week. And, the idea of selling is not wrong at all.
AUDUSD has gained a whopping 17% +(more than 900 pips) after last month's drop to 0.55. This recovery is due to the relief rally in global indices.
However, the recent recovery looks unsustainable. So, when the markets start tumbling again, there's a good chance that AUD(which is considered a risk asset) will be sold off once again.
In my opinion, the best area to sell AUDUSD is between 0.6380-0.6520 which is close to the 100D EMA.
If AUDUSD reverses from that area, I expect a drop to 0.5990 at least.