Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUSUD was a petty corrective week last week. Sill had some great potential trades. We have some clear IMB around the $0.79-$0.7970 Price range, I would like to see this get filled before a big push down to the $0.75 Region. Overall PA is moving sideways with equal highs created above. On the higher time frame we have a Monthly IMB around the $0.742 region that...
AUDUSD is looking bearish at the top of range on 4H + On daily Chart we can see a perfect candle close inside the range indicating bearish momentum.
AUDUSD SELL @ 0.6930
STOPLOSS LEVEL @ 0.6995
TAKEPROFIT LEVEL @ 0.6745
Still holding short possition from last week,
Here i wanna show u where u can entry (i will add lots)
Watch the full market overview on my youtube channel
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AUDUSD has nice confluence of multiple timeframe zones with the Weekly and Daily timeframes and a good second pullback to the supply zone. The other nice thing about this is the trendline to the downside.
