I am taking a stab at audusd short ahead of fed and ecb...Lets see what charts has to say:
Monthly:
Price actions is bearish. Below TK and 200 sma resistance. Below cloud.
Weekly:
TK has not crossed yet but they are strong resistance now. Prices is at support. Although price can grind here for few more weeks.Macd is crossed down .TL has been broken
Daily:
Bearish. below cloud. Below kijun. Below 200 sma. That is some tough resistance to break.
This pair can break down now or it can take few more days. I have decent risk reward here and if it doesnt work , i will get stopped out. Will reasses in that case. Lets see how this one plays out. Good luck to everyone.
Monthly:
Price actions is bearish. Below TK and 200 sma resistance. Below cloud.
Weekly:
TK has not crossed yet but they are strong resistance now. Prices is at support. Although price can grind here for few more weeks.Macd is crossed down .TL has been broken
Daily:
Bearish. below cloud. Below kijun. Below 200 sma. That is some tough resistance to break.
This pair can break down now or it can take few more days. I have decent risk reward here and if it doesnt work , i will get stopped out. Will reasses in that case. Lets see how this one plays out. Good luck to everyone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.