Daniel.B

Upcoming retest of yearly resistance

FX:AUDUSD   Australian Dollar / U.S. Dollar
7
Very cut and simple chart as usual lol. Um well what we have are some factors of confluence between the 50% Fibonacci resistance area along with the Daily 100 Moving Average acting as resistance in that area as well. We can very well be stuck within this range until the next RBA meeting. Anyhow, what I'm looking for is for bearish signals such as a daily doji, pinbar, tweezer tops, etc. to enter a short position again at resistance. As always this is only a potential trade setup as I like to identify potential setups days / weeks in advance before they manifest , it isn't a 100% trade that I'm looking for unless the guidelines for me entering a trade are met. Happy trading, cheers. =)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.