Get started
MtxTrader

AUDUSD 4h

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
MtxTrader  
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD 4h Weekly Charts priceaction support Support and Resistance Trend Lines Bearish Patterns short
9
0
audusd 4h weekly priceaction support supportandresistance trendline bearish short
On the weekly chart, we have a sideways channel.

Price is approaching the horizontal resistance level at 0.7750, and slightly above that is the resistance trendline from the previous two highs.

I will not be buying this, yet I do think it will go up a bit more.

Overall, I am short on this pair, as soon as it breaks the 4h support trendline pictured above.
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.