J_Graystone
Short

AUDUSD Trend Continuation

FX:AUDUSD   Australian Dollar/U.S. Dollar
734 1 16
As this pair continues in the bearish direction, we can look at ways to get involved in the next shorting opportunity offering minimum risk compared to reward.

The markets has just put in a retracement up to previous support which should now become resistance.
The 7060 level has been tested a couple of times recently but rejected by the bears.
We are now seeing nice "test" wicks at that same level.
If you are more conservative, you could look at the lower time frames for a double top as your reason for entry.

Good luck in the markets.
Almost there buddy!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out