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Bullandbeartrading
Nov 11, 2019 12:42 AM

AUD/USD Trade Idea  Short

Australian Dollar/U.S. DollarFXCM

Description

Hello and welcome to my Trade Idea of the currency pair AUD/USD.

Lets start with the Top Down Analysis.


Monthly: Here we see a very strong downtrend with nearly no pullbacks.

Weekly: Weekly is bearish too.

Daily: We draw the very strong trendline on the daily timeframe.

H4: Here we draw the counter trendline and i think that a push to the downside will occur.


Have a nice day.
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