Looking for AU to break current monthly zone bullish to either take out EH and drop OR break zone bearish to hit 3/2/20 OB and B back up (3/5/22 MarkUp)
AUDUSD H4 Analysis
Price has broken out of this rising wedge pattern to the downside, I'm expecting a pullback to the 0.71900 area before continuing this bearish decent.
Audusd has been rejecting the reistance area numerous times for a while now, I am expecting it too continue too fall.
SL 0.78000
TP- around 0.75500
Now lets see how this plays out.
I had posted a previous chart with a bullflag so we may see the dump and then a pump!
Please see to my chart posted last time.
What do you all think?
Ps soory about my last few...
AUDUSD
AU 1D: It is clear that price is currently in sideway. Overall trend still downtrend. As long as price do not close above the RBS areas... then I still pro sell.
AU 4H: Bearish Marubozu formed and rejected 2 RBS zones. We might be able to make some profits there.
Target entry:
Sell limit @ 0.7430
SL @ 0.7460
TP @ 0.7370
RRR 1:2
TAYOR
Hey Guys and Welcome,
AUDUSD broke previous Week lows, we are following „Mid“-term Trend with a good RR.
Very bearish AU formed a new H4/Daily and Weekly Low with a strong H4 Bearish price action candle we are following
this strong move..
Short: 0.76703
Sl: 0.77031 (35 Pips)
Tp: 0.76383 (35 Pips)
Tp2: 0.75918 (80 Pips)
Feel free to Comment and Discuss...
![AUDUSD: AUD/USD SHORT [DAY TRADING STRATEGY]](https://s3.tradingview.com/b/B6ThnGsV_mid.png "AUD/USD SHORT [DAY TRADING STRATEGY]")
