AUD USD MAY GO SHORT ACCORDING TO MY ANALYSIS. {13/6/2021}
Disclaimer:- Educational Analysis says AUD USD may go Short according to my technicals.
This is not an entry signal. I have no concern with your profit and loss from this analysis.
Why short?
Our Tomorrow trading pair and my analysis are on AUDUSD.
I SET D1 TF FOR PRESENTING SUPPORT AND RESISTANCE AND H1 HELPED ME WITH PITCHFORK TOOL.
SO HOW IT WOULD BE ? THIS PAIR IS MAKING LOWER HIGH AND LOWER LOW. PLUS IT IS UNDER 200 EMA WHICH MAY GO TO THE NEXT LEVEL OF 0.7377 TO 0.73560
AS ON THE H1 TIME FRAME IT HAS NOT BROKEN THE LATEST LEVEL OF RESISTANCE AND MADE IT DOUBLE TOP. PLUS PRICE CANDLES ARE MAKING BEARISH ENGULFING ON 5 TO 15 MIN TIME FRAME.
ATR IS ON H1 TIME FRAME IS 15 PIPS STOP LOSS BUT I HAVE SET IT TO 45 PIPS AHEAD. AND MY TARGETS ARE TO DAILY LEVEL OF SUPPORT.
So entry will be 0.77060
Stop-loss 0.77480
Take profit 0.7377
This is not an entry signal. I have no concern with your profit and loss from this analysis.
Why short?
Our Tomorrow trading pair and my analysis are on AUDUSD.
I SET D1 TF FOR PRESENTING SUPPORT AND RESISTANCE AND H1 HELPED ME WITH PITCHFORK TOOL.
SO HOW IT WOULD BE ? THIS PAIR IS MAKING LOWER HIGH AND LOWER LOW. PLUS IT IS UNDER 200 EMA WHICH MAY GO TO THE NEXT LEVEL OF 0.7377 TO 0.73560
AS ON THE H1 TIME FRAME IT HAS NOT BROKEN THE LATEST LEVEL OF RESISTANCE AND MADE IT DOUBLE TOP. PLUS PRICE CANDLES ARE MAKING BEARISH ENGULFING ON 5 TO 15 MIN TIME FRAME.
ATR IS ON H1 TIME FRAME IS 15 PIPS STOP LOSS BUT I HAVE SET IT TO 45 PIPS AHEAD. AND MY TARGETS ARE TO DAILY LEVEL OF SUPPORT.
So entry will be 0.77060
Stop-loss 0.77480
Take profit 0.7377
Trade active:
Secure your profits with making a loss to breakeven, currently running 130 pips in profit
Comment:
230 PIPS IN PROFIT RUNNING IF YOU WANT YOU CAN CLOSE