Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: AUDUSD is sitting around strong resistance in orange so we will be looking for sell setups on lower timeframes.
on H4: AUDUSD formed a valid channel in blue but this pair is not ready to sell yet. We want the sellers to prove to us that they are taking over by breaking below the last swing low!
Trigger: Waiting for a momentum candle close below the gray area (last low) to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside our orange resistance again.
As price approaches the lower green support, we will be looking for buy setups.
Good luck!
on DAILY: AUDUSD is sitting around strong resistance in orange so we will be looking for sell setups on lower timeframes.
on H4: AUDUSD formed a valid channel in blue but this pair is not ready to sell yet. We want the sellers to prove to us that they are taking over by breaking below the last swing low!
Trigger: Waiting for a momentum candle close below the gray area (last low) to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside our orange resistance again.
As price approaches the lower green support, we will be looking for buy setups.
Good luck!
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal