AUDUSD - Bearish scenario
Monthly & Weekly chart We have a bearish bias because we broke the ascending channel and the EMA's are crossed over to the downside meaning momentum is bearish . This is due to price continuing the downside move after hitting a 50% retracement level at 2017-09-04 and creating a double top at 2018-01-22. Therefor we are looking to make a new lower low.
Daily chart After a consolidation period we broke the support level and are now anticipating a new low.
Trading plan We are looking for a retest of previous structure and/or the bearish trend line to continue the down move towards 0.71600 price level.
Daily chart After a consolidation period we broke the support level and are now anticipating a new low.
Trading plan We are looking for a retest of previous structure and/or the bearish trend line to continue the down move towards 0.71600 price level.
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.