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NoahXBorg

AUDUSD Sell Idea

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
NoahXBorg Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Support and Resistance Supply and Demand Candlestick Analysis AUDUSD audusdshort audusdsignal audusdforecast audusdanalysis audusdsell audusdsetup audusdidea audusdtrade
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supportandresistance supplyanddemand candlestick audusd audusdshort audusdsignal audusdforecast audusdanalysis audusdsell audusdsetup audusdidea audusdtrade
The initial reaction on LON open was a strong bearish push and I do expect price to retrace to either :

- Retest the trend line
or
- Retest Level 0.72500

Extra Confirmations: Bearish Candlestick rejection/Structure/MA Crossover/MA Retest
The target would be the previous low (Order Block + Level 0.72000 and Liquidity zone) & Possibly Lower

Suggested to wait a little longer before entering any positions as Session open may bring in a higher level of volatility and liquidity grabs.
Happy Trading!
Comment:
Also look on the strength of the USD using the DXY
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