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VasilyTrader
Oct 3, 2020 8:38 AM

AUDUSD: Strong Resistance Ahead!!! Short

Australian Dollar/U.S. DollarFXCM

Description



AUDUSD is very close to a strong daily supply area.
this area is based on a broken support line of a major rising channel and the last horizontal higher low level.

bearish reaction from that zone will be expected.
I am planning my entry on 1h/4h charts and will wait for a confirmation before entering the trade.

goal for sellers 0.705

good luck!
Comments
TradingMasterMind
There is a significant move down
Dave-FX-Hunter
Soon it will be ready

TradingMasterMind
Are we there yet?
mekusthegreat
Thanks for sharing this great idea.
VasilyTrader
@mekusthegreat, you are welcome my friend 😊
PolarHusk
ThanksForSharing🐻‍❄️
VasilyTrader
@PolarHusk, you are welcome buddy 🙏
InkyGrip
I love this kind of analysis! thanks! 🦐
VasilyTrader
@plancton0618, you are welcome my friend!!!
ProjectSyndicate
excellent technical setup, and great summary. thumbsup!
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