pezza82
Short

AUDUSD downtrend forming

FX:AUDUSD   Australian Dollar / U.S. Dollar
115 views
10
115 6
I believe AUDUSD is now forming its downtrend. Daily is in a downtrend. Failed to break thru long term downtrend resistance. Fallen thru its uptrend channel and maybe forming next channel down.

Still waiting for a pullback. It has clearly fallen thru its long term support level and might see it retrace back to it (0.685)

From there I will be looking at shorting it to the 0.6811 area, and next target is 0.67 area.

We have good convergance on the RSI , but will need to keep an eye on this to confirm its trend.
Great work!
I am paying close attention to 0.68 area!
there is a high chance to see a pullback from this zone!
Reply
pezza82 VasilyPonomarev
@VasilyPonomarev, thank you Vasily, definitely waiting for the 0.68 area as it has retraced back to the 0.685 and continuing down.
Reply
pezza82 VasilyPonomarev
@VasilyPonomarev, and it continue to fall :) this time I wish I was greedy and let the trade run longer
Reply
as if
Reply
pezza82 sloth288
@sloth288, remember this day :)
Reply
pezza82 sloth288
@sloth288, just hit play mate lol
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out