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NoahXBorg
Sep 30, 2021 3:03 AM

AUDUSD Sell On Strong USD Short

Australian Dollar/U.S. DollarFXCM

Description

Look to go short if USD were to strengthen (Since AUD is closely Linked to Gold, It could have a profound effect on this pair compared to others if XAU/USD were to continue lower)
Here is my analysis on DXY:


Short on these confluences:
  • Retest of Pivot Zone
  • Retest of counter-trend Line (RED)
  • Break and Retest of Level 0.72000
  • Bearish Structure
  • Retest on FIB level (Best 61.8%)
  • Break of minor counter-trend line (Once formed from retracement)

* Best trades would be on 2 or more confluences
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