AUDUSD 240 short near-term, possible reversal to UT.
The overriding feature of this chart is that we are near a 10-year low about 0.68345. I see a possible reversal to UT from that point, although so far there is only one HH. I am looking for short PA to retest the close-by SR. If so, this will form the first HL of the possible UT. Alternately if it breaks that SR, I’ll be looking for a retest at the 10 year low.
And dagnabit, I missed the short trade that is marked, I was asleep at the switch. Can’t get all the good ones. I might look for a retracement as shown and short if it respects the trendline. Keep an eye on the RSI also looking to reflect from the 50.
And dagnabit, I missed the short trade that is marked, I was asleep at the switch. Can’t get all the good ones. I might look for a retracement as shown and short if it respects the trendline. Keep an eye on the RSI also looking to reflect from the 50.
Nota
This one turned out as I thought it would. Including predicted movements in both PA and RSI. On to the next trade I guess.
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Aviso legal
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.