Looking at the AUD/USD 2H chart, we can see the market has a very clear structure, with a recurring technical pattern for us to utilize. The overall market structure is that of a descending channel, meaning we are looking to short the market. Looking at previous swings highs (which were good shorting opportunities), we can see that each one involved 4 technical factors: 1. price trading at the upper channel descending line 2. stochastic at overbought or near overbought levels 3. price trading above the 20 EMA 4. price trading at the 50-61.8% of the previous down move
The AUD/USD is currently trading at the lower channel point, with a low stochastic reading, below the 20 EMA. Therefore, our plan of action is simple rule following, looking for another technical confluence of the above mentioned kind. If the AUD/USD bounces back and fulfills our conditions, we're with-the-trend sellers.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.