AUDUSD 3H Short
The AUD/USD 3-hour chart shows a potential bearish continuation setup as price trades below the Kijun-sen (blue) and Tenkan-sen (red), while remaining well under the Ichimoku cloud (Kumo), indicating a strong bearish trend. The red Kumo ahead reinforces selling pressure, and price’s recent failure to hold above resistance signals further downside potential. A bearish continuation below the current support at 0.6317 could open a path towards the next key level at 0.6306, while a stop-loss above the Kijun-sen near 0.6346 helps manage risk, maintaining a favorable risk-to-reward ratio.
Note
Trade reached take profit before entry
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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.