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jojofang0901
Mar 12, 2023 5:50 PM

AUDUSD Can Push Lower, Wait For Sell Setups Short

AUD/USDOANDA

Description



From previous outlook and forecast, we can see price has indeed pushed lower impulsively on the mid time frame.


Now we can see price has already break previous lows, and start to consolidate again. This is good sign for more downside from the price, as long as a continuation correction is formed here.

This week, wait for the correction to complete, to confirm another impulse phase on the lower time frame.

Be careful price sometimes has tendency to turn the current correction to be a reversal, so break above the highs and form bullish price action will void this forecast and outlook.

Comment

Price is still forming bigger consolidation, still have potential to push down. Watch for bearish price action.
Comments
jthom
Agree JoJo, just been waiting for the right time. AUD/USD still hasn't closed gap down at 65.80.
Great content you do all the time! Legend!
InkyGrip
thank you for your AUDUSD analysis
Babenski
Nice chart jojo
MonoCoinSignal
Your analysis is comprehensive and covers all the important aspects of the market.
KlejdiCuni
Possible move as long as the price is close to a very sensitive zone. Thanks for sharing!
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