Optimum369

20 REASON FOR SHORT AUDUSD

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
🤑TOP DOWN ANALYSIS OVERVIEW🤑
🧐Eagle eye: bear trend extremely
Monthly: the overall trend is Bear, but the current candle in retracement and retrace till filling our all FVG almost filled all gap areas, so in a broader view, we can say retracement is our
weekly: trend in Bear, but the current move is the retracement


1 Structure analysis time frame: the daily trend is to fill bullish; it is a counter-trend for monthly and weekly retracement almost done
2 target time frame: Daily
3 Current Move: move is an impulse with a change in guard situation excepted reversal
4 Entry Time Frame: h4
4.1 Entry TF Structure: higher low is formatted with a small distance that also signs a reversal
4.2 entry move: impulse
5 Support resistance base: previous h44 order block
6 FIB: trigger even at daily D1
7-candle Pattern: Downside momentum
8 Chart Pattern: double top
9 Volume: High volume on 1st top low at 2nd sign of reversal
10 Momentum UNCONVENTIONAL Rsi: RSI IS in bullish zome YET
11 Volatility measure Bollinger bands: M pattern is a formatted reversal
12 strength ADX: ADX is bullish, YET
13 Sentiment ROC: USD IS STRONGER than AUD according to the current market
14 final comment: We need An additional confirmation until the price Not comes down to 0.6718 Level, so we place an Alert for now. After the Alert, We can decide on our Next Move. But OUR ARE WE ARE SEEKING SHORT ENTRY ONLY UNTIL PRICE BREAKS HIGH According to H4 TF
15 : decision: Natural till confirmation
16 Entry:
17 Stop losel:
18 Take profit:
19 Risk to reward Ratio:
Excepted Duration :

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