forexwithfred

AUD/USD - Bearish Trend Continuation

Penjualan
forexwithfred Diupdate   
FX:AUDUSD   Dollar Australia / Dollar AS
Hello Traders!,
We've reached the end of the trading week, we will be looking for set-ups that'll take us into the next week.
What Is The Market Telling Us?
  • AUD weakness has occured after 2 attempts at our supply zone, 0.69 resistance has been broken & retested
  • 4H timeframe shows we are currently in our 3rd wave of bearish impulse, indicating more selling pressure ahead
  • 0.69 is our invalidation level, so if price violates this level, we are no longer bearish on AUD/USD
When Should We Enter?
  • I have two possible outcomes to look for SELLS, we can look for a bearish pattern on our minor resistance then SELL
  • 2nd scenario is more conservative, so we wait for price to revert back up to our 0.6900 resistance, look for bearish signals then SELL.
Trading ditutup: target tercapai:

70 PIP target reached, then market reversed on our support
Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.