AUDUSD - ripening for a short

AUDUSD is spotted on 4 time frames. Importantly the big bearish pressure comes from the weekly.
1. There is some slight weakening of the bullish rebellion on the weekly and daily.
2. With the big wave of bear pressure visible on the weekly, I estimate a 51% probability to the down side on the daily.
3. The bulls may not be allowed much more wriggle-room on 4 hourly

I say what I see - at this point in time. History may prove me wrong as the markets are the ultimate judge, jury and executioner.

All traders are free to adhere to their preferred methods of analysis and trading.

Note: My profile gives links to other totally forever free resources, in keeping with Tradingview policy.

Disclaimer: Dance with danger but at your own risk. As Akil Stokes once said, "You're to blame" LOL. In other words, take positions if you wish but your losses are your own. I make no assurances that this analysis will lead to a gain. I accept that 80% of my analyses will be wrong and therefore an 80% loss rate. You have been warned/told.

Komentar:

Interesting situation on AUDUSD (1d).