We can see price has been in a down trend for a long time and has respected the key resistance line.
Upon price touching and then moving downwards, I am looking for a sell entry on the AUDUSD.
Watching this market for now, happy trading.
On July 2, the Reserve Bank of Australia (RBA) cuts rates for the second time in 4 weeks. The first time has been on June 4.
Very interesting is the AUD situation, I will analyse the currency pair Aud-Usd trying to describe the future scenario.
The current price might be an excellent level where to sell Aud-Usd, but there is an aspect to take into account. The...
welcome to another free signal!
Important: If we don`t hit our entry, make sure to look for an alternative sell-trigger around this area!
Target 1: 0,69846
Target 2: 0,69738
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AUDUSD: H4 - BEARISH TP: 0.674 - 250+ Pips #Forex @TradingView
Point A: 0.72
Point B: 0.683
Point C: Entry - 0.702
Point D: TP - 0.674
SL - 0.704
Should continue to the downside now...
Now, price could continue to pull to the upside for a little while, but I do not see it creating a new high...
Sell Zone for me, after that bearish engulfing sell sell sell, but my long term vision for Audusd is buy unless something happens and I have to change my oppinion. So 0.69316 is my target - but if we manage daily to break clearly that level I'll go longer short.
Otherwise Buy zone is 0.69316 for me. I'll do an update if I go long at that level.
AUDUSD is rejecting the .7020 area which is a daily pivot zone and it has to the makings of a CTL break in the SELL zone. At the close of the candlestick if it remains below the CTL I will look to SELL down to the .6820 area to the Fibonacci D ext that was not completed last month. Stop should be place above the .7020 pivot area giving this a good risk to reward...