Linkhive001

AUDUSD possible sell W7

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD coming from a 4H uptrend then ranging for a few days is looking bearish.
Some price key points to look out for:
  • There is a failed double bottom which trapped a lot of buyers
  • Lookout for a deep pullback (there is an unfilled Fair Value Gap)
  • Filling the FVG can act as a third leg to our ABCD (1 2 3 4) pattern

Overall this sell is very nice but be careful because this breakout was influenced by NFP
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.