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tarati.lorenzo

AUDUSD - Potential Sell

Short
Australian Dollar / U.S. Dollar (OANDA:AUDUSD)  
tarati.lorenzo  
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis
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trendanalysis chartpattern waveanalysis
"Trade Idea with LT

  • Price Action : From 5/02 to 01/04 price has been selling correctively probably to induce sellers then from the 01/04/21 to today, price seems to want to continue its uptrend. From here we could complete wave c or go lower and break the low of 01/04/21.
  • Technical Analysis: Price is at an obvious resistance where we can trap sellers or where we can induce more sellers by making new lows. Standby.
  • Fundamental: CPI negative

Tip: Manage the trade

Good Luck
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