So Apparently have been studying AUDUSD since last Week so I feel now is the right time to drop this Analysis and also we want you guys to take good advantage of this AUDUSD about 102 pips and a 16 pips stop loss, so let me break it down educationally for understanding, so basically on the monthly time frame we had a rejection on our Monthly resistance zone or Level, to breaking it down to the Weekly/Daily TF A Double Top was Created so we are looking forward to test the Daily/ weekly support area.
So speaking on our entry level we had a trend line breakout and a nice price retesting on the trend line and after that price started creating Lower Lows and Lower Highs and that’s the number one big confirmation for a down trend so all we need to do right now is to wait for price to test the Highs levels which is the red line zone I marked out then after that we can fully take our Sells.
Please drop a Comment on what you think guys I see the Love, I really appreciate
So speaking on our entry level we had a trend line breakout and a nice price retesting on the trend line and after that price started creating Lower Lows and Lower Highs and that’s the number one big confirmation for a down trend so all we need to do right now is to wait for price to test the Highs levels which is the red line zone I marked out then after that we can fully take our Sells.
Please drop a Comment on what you think guys I see the Love, I really appreciate