Why I Think AUDUSD Will Continue to Sell Short

AUD/USDOANDA

Description

⋅ Oct 19, 2023 1:28 AM

Hey Rich Friends,

I think AU will continue to sell after retesting the supply zone (0.63340 - 0.63550). I have set a pending order called a Sell Limit.

Here is what I am looking at:

- Resistance in the supply area
- Candles are below both EMAs
- MOM is below 0 and negative
- STOCH is below 50, orange is over the blue

Please check the news and be mindful of the AUD and USD news coming out this week!

- Peace and Profits, Cha

Trade active

⋅ Oct 19, 2023 5:45 AM

Picking up steam!

Trade closed: stop reached

⋅ Oct 31, 2023 10:52 AM

Comment

⋅ Apr 9, 2024 8:06 PM

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Comments

sybil123

⋅ Oct 19, 2023 2:02 AM

Thank you for your analysis. so you think it wil return to the 0.63340 - 0.63550 and then reverse to the down side

MoneyMantraCha

⋅ Oct 19, 2023 4:59 AM

@sybil123, Hi and you're welcome! The market will always revisit strong supply and demand areas! It has already picked up momentum for the selling but I wouldn't be surprised to see it in that area again!

Khiwe

⋅ Oct 19, 2023 7:11 AM

It looks interesting, thank you for sharing, Cha