AUDUSD detailed top-down analysis
on Weekly, AUDUSD is approaching our upper purple trendline so we will be looking for trend-following sell setups on lower timeframes.
on Daily, AUDUSD is sitting around a strong resistance zone in green which adds more confluence to our sell setup.
on H4: AUDUSD is trading inside our wedge pattern in blue so we are waiting for a new swing to form around our lower blue trendline to consider it valid and enter on its break downward.
Meanwhile, until our sell setup is activated, AUDUSD would be overall bullish.
on Daily, AUDUSD is sitting around a strong resistance zone in green which adds more confluence to our sell setup.
on H4: AUDUSD is trading inside our wedge pattern in blue so we are waiting for a new swing to form around our lower blue trendline to consider it valid and enter on its break downward.
Meanwhile, until our sell setup is activated, AUDUSD would be overall bullish.
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Use Coupon: TV6 on www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal