Pair: AUDUSD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, descending wedge pattern, head and shoulder pattern ————— Key Takeaway: Seen alot of bearish pressure for the pair but the market closed near a pullback level last week. We need to see price maybe retrace a bit more before coming back down. ————— Level needed: need a close by — ————— Trade: Short RISK:REWARD — ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Good idea! I agree with your bearish bias. I think the next key support level could be at 0.66122, which is in line with the 100% fibonacci projection. Please check out my analysis at:
Retuka
⋅
@desmondlzw, AMAZING! Looks like price action followed through, easy pickings :)
JoeChampion
⋅
Valid pattern over there, i will see how is the price action around the neckline. Keep them coming!