AUDUSD Big Short Looming - Check Monthly
Big short coming again.
Over extended on the channel.
GDP q/q news came out negative, due to corona virus impacts on the economy.
See monthly chart below.
Over extended on the channel.
GDP q/q news came out negative, due to corona virus impacts on the economy.
See monthly chart below.
Comment:
If doesn't break below in the short term, then i'm looking for a double top structure here.
Comment:
Care for these 2 moves (Left and Right)
Comment:
Strong 15 min bearish close and a decent sell
Comment:
Top of trading range aswell so should see some shorts enter on the failed breakout of the trading range.
Comment:
Strong 15 min bar. Reasonable short.
Comment:
More follow through and i like the chances of short here :)
Comment:
Broke below a wedge structure. Looking for follow through.
Have to head out of the house. Look out for both sides of the equation from both bull and bear perspective.
Goodbye for now fellow traders.
Have to head out of the house. Look out for both sides of the equation from both bull and bear perspective.
Goodbye for now fellow traders.
Comment:
Comment:
Here's the next moves that i see. Rejection on the monthly, bearish trendline/channel.
Comment:
Goodnight everyone, i will personally be holding my position short.
All the best. There's another opportunity after this next correction ends. (Wave 2)
All the best. There's another opportunity after this next correction ends. (Wave 2)
Comment:
Update: The train is moving along accordingly.
Comment:
It was an extended Wave 2 correction which coincides as a double top as shown on the right side (60 min chart)
Comment:
Friends, if you liked this analysis, please like and follow me for more chart ideas. <3 Thanks a lot!
Comment:
Pullback coinciding with 3rd push up on a transitional triangle.
A lot of movement downwards. EXPECTING a breakout below.
A lot of movement downwards. EXPECTING a breakout below.
Comment:
Potential Reversal Zone
Comment:
Good possible short. Needs follow through shorting
Comment:
This is a potential drop zone here.
We SHOULD see downward pressue come in and reject the break of this channel as we come down muc hfurther down into the next measured move that i drew out at the 0.4420 area.