Roker1
Short

AUDUSD back to test broken support. Could become resistance?

FX:AUDUSD   Australian Dollar/U.S. Dollar
3 months ago
Hi traders,
this is my analysis on AUDUSD             . Price is coming back to retest a previous broken support. In case like this a broken support could turn into a resistance and provide a good point for reversals. We've identified two levels but i think the first is more important cause, look left, it has proved to be strong two times in the most recent time.
So as usual after we find a good point for reversals we go down to lower timeframes and look for shorting opportunities in form of candlesticks , advanced or simple patterns.

Let's see! If you want to share your standpoint, please comment.
Otherwise, see you in the next chart!
2 months ago
Comment: There's a good engulfing kicker that was formed friday. I usually take this entry but not in the last three candles before market close. In my rules though i can enter a position on the first three candles if and when gap is less than half an atr. So, i'm going to enter the market short if price doesn't gap that much and if the spread isn't too large (4+ pips spread)
2 months ago
Comment: As explained, entered at market at level of 0,7442, stops 30 pips above most recent high.
2 months ago
Trade active
If you like my trading style and you want to support me, hit that thumbs up. I'd really appreciate that!
Se ti piace il mio stile e vuoi supportarmi, clicca il pollice in sù. Grazie!
Video analisi settimanale: https://youtu.be/wtyZ-NGStKU
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out