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MountOlympusFx

AUDUSD SELL: Weekly, Daily & 4hr Breakdown Analysis.

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
MountOlympusFx Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns AUDUSD Forex
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AUDUSD Short

+ Weekly: This on higher timeframes still looks bearish to me even though last weeks candle closed as a hammer candle signalling bulls stepping in, however price closed below 0.7114. Moving averages also bearish.

+ Daily: There were multiple wick rejections at 0.7128 signalling huge area of sellers. Friday candle closed a shooting star candle signalling bear move to come shortly. Price printing lower highs signalling sellers pushing the markets down.

+ 4hr: After 3 drives up into 0.7128 resistance with no break price finally fell and broke below 0.7114, price also broke ascending trendline swinging momentum from bullish to bearish. I now see price pulling back into 0.7114 retesting then selling off to 0.7059 support.


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