AUDUSD SHORT
4hr: Is bearish, price is slightly under the 200ema.
1hr: Price is below the midline on the RSI, nice indication we are on the right side of momentum. Price just closed outside the previous structure low of the demand zone. We are looking for a retest to place a limit order.
15min: Is currently testing resistance, we are looking for price to reject previous support and turn it into resistance.
1hr: Price is below the midline on the RSI, nice indication we are on the right side of momentum. Price just closed outside the previous structure low of the demand zone. We are looking for a retest to place a limit order.
15min: Is currently testing resistance, we are looking for price to reject previous support and turn it into resistance.
Richie the trader
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Richie the trader
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.