AUDUSD looks very bearish right now.

I was not able to screen record but if you zoom out to the daily timeframe you can see a huge H&S pattern was created. we broke below the neckline and retested. However we were not able to break the level and this level on a smaller time frames about 1 hour the resistance area was reached but never broken. If you look at the chart with an 20/50 EMA on the 4 hour you can see that its a perfect set up to head down and break multiple support areas . which gives you multiple chances to enter shorts when its retested old support levels these areas you should look out for are
.71700 being the first support to break. than .71130 as the next support we should break. I will be holding many positions to than close half and let the other half run. Have a great next week lets get this bag.
Chart PatternsTechnical IndicatorsTrend Analysis

Aviso legal