AUDUSD SHORTS 📉📉📉Expecting bearish price action on AUDUSD as price is in a bearish market strucutre from a higher time frame perspective, price rejected with a high bearish momentum 0.74500 institutional figure. USD should be strong in a medium-long term perspective meaning AU should go down.
What do you think ? Comment below..
Audusdsignal
AUDUSDThe Australian dollar fell during the trading week, breaking below the 0.74 level. This was preceded by a massive shooting star at the 0.75 handle, so it all ties together quite nicely. I suspect at this point in time that any short-term rally that you get is more than likely going to be an opportunity to short this market again. That being said, a breakdown below the are where we are closing more than likely will send fresh sellers into the market.
AUDUSD | New perspectiveWith a key level identified at 0.74250 on the 4H timeframe; this level could be a yardstick that will guide us into the expected bullish momentum we are looking forward to if it finally happens. In this video, I have explained my doubts and expectation as price action is been monitored going forward.
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AUDUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDUSDThe Australian dollar initially rallied during the week but gave back the gains to show signs of hesitation. The RBA initially shocked the market to the upside by dropping the word “patience” from the statement, thereby having people think that they were closer to raising rates. However, the FOMC minutes released were very hawkish, and we started to see money flow back into the US dollar. With that in mind, it does make a certain amount of sense that we have formed this massive shooting star right at a resistance barrier. I suspect we could very well pull back further from here.