AUDUSD: In Bearish Breakout Mode

FX:AUDUSD   Australian Dollar / U.S. Dollar
1036 6 24
- AUDUSD             has completed a bearish breakout below key support levels
-Break below 0.9200 main horizontal support
-Break below 200-days long term moving average
-Break below support of the short term bearish channel
-Today'retest of 0.9200 was strongly rejected

Next main target and potential support is at 0.9080, which is a previous neckline for an inverted head and shoulders , and also the 50-percent retracement level for the overall bullish trend . Further downside targets at 0.8980 and 0.88880. My risk limit on this trade is a daily closing above 0.9255.

Best of Luck , join me at
Also at my Facebook             page
My best regards,
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
I closed position at .0.88700 thanks for signal
Hi can I ask at what level did you initiate the short and the factors for it? Did you zoom into 4hr to look for price action?
hello, unfortunately, i didn't have the opportunity to short. But usually, i zoom to the four-hour chart and wait for rejection. Sometimes i just short without confirmation..
dopey99 Technician
I see. Thanks for the reply!
thanks for this post
Technician manijeh.kazemi.33
You are always welcome manijeh :)
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
AR العربية
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