TheSignalyst

AUDUSD - Wait For It!

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Hello everyone, if you like the idea, do not forget to support with a like and follow.

on DAILY: AUDUSD is sitting around strong resistance in orange so we will be looking for sell setups on lower timeframes.

on H4: AUDUSD formed a valid channel in blue but this pair is not ready to sell yet. We want the sellers to prove to us that they are taking over by breaking below the last swing low!

Trigger: Waiting for a momentum candle close below the gray area (last low) to sell.

and until the sell is activated, this one would be overall bullish and can still dive inside our orange resistance again.

As price approaches the lower green support, we will be looking for buy setups.

Good luck!
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

Waiting for momentum candle close
+6 Reply
TheSignalyst Rackelle_M1
@Rackelle_M1, no doubt!
Reply
Great job, let's see how this works out!
+2 Reply
TheSignalyst WorldClassfx
@WorldClassfx, glad you like it!
Reply
The fact that you are using only one indicator, Makes the chart more attractive. Best trader currently on trandingview! keep it up
+2 Reply
TheSignalyst BTM-Trading
@BTM-Trading, thank you so much brother! you made my day!
Reply
Good idea
+1 Reply
TheSignalyst Serana2324
@Serana2324, thank you so much!
Reply
thanks for sharing! this is my view on AUDUSD:
+1 Reply
@FXCM my pleasure
Reply
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