AUDUSD Short signal
4HR AUDUSD showed an EMA8-13 deadly cross and below key resistance of 0.747. Thus, if prices above 0.747, it will invalidate this downtrend analysis.
If prices below 0.747 and EMA8-13 deadly cross in 4hr, there is a high possibility of a downtrend towards either 50% Fibo or 61.8% Fibo levels. I shorted at 0.74505. Risk management at 0.747.
This is not a buy/sell call. Do double confirm with your analysis.
If prices below 0.747 and EMA8-13 deadly cross in 4hr, there is a high possibility of a downtrend towards either 50% Fibo or 61.8% Fibo levels. I shorted at 0.74505. Risk management at 0.747.
This is not a buy/sell call. Do double confirm with your analysis.
Note
First target, 50% Fib hit. Now we have to observe whether AUDUSD has the strength to continue drop to 61.8% fib level.Trade closed: stop reached
trade closed on MAY 31 when hit 0.747 stops.
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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.