FX:AUDUSD   Australian Dollar / U.S. Dollar
74 1 1
Very good potential for a short trade

Price has broken out of the yellow range zone on the 4 hour chart and has retested it on the 60 minute chart suggesting a bearish bounce will occur. Further confluence of this downwards move is from the break, retest of the counter upward channel, along with a bounce off the daily downtrend line. Price has also played out the Fibonacci, respecting the 0.382 level and bouncing to the downside.

Anticipate price will continue in the downtrend, towards the Fib 0 level (Target 1) and Fib -0.27 level (Target 2).

I agree, the D1 momentum is very strong to the downside, we should touch last lows.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out