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RamziAbouAbdallah-CMT

AUD/USD -25/3/2021-

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
RamziAbouAbdallah-CMT  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators AUDUSD aussie dollar Forex forexsignals forextrading tradingsignals Technical Analysis
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trendanalysis chartpattern indicator audusd aussie dollar forex forexsignals forextrading tradingsignals technicalanalysis
• USD strength putting pressure on the Aussie
• Head and shoulders top on the daily chart
• Bearish pattern -> Points to further weakness
• Neckline support is at 0.7560

• Trading recommendation:
• Short position while below the mentioned level
• Waiting for confirmation of this breakout
• Target is around 0.7100
• Risk reward: 4:1
Ramzi Abou Abdallah, CFTe, CMT

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