AUDUSD Daily Analysis
W - Neutral, pinbar at the 200 ema which also lines up with the last high
D - Bearish, LL's and LH's .74 is the key area that we could see price reject off of.
DXY - Neutral, price is at the neckline of a DB and is approaching with little momentum while in an ascending wedge pattern
Swing entries -
price got close to the .74 are and looks like it is starting to consolidate below the level, no entries during consolidation periods, I will wait until the zone is broken
Scalping entries -
no entries during a consolidation period
D - Bearish, LL's and LH's .74 is the key area that we could see price reject off of.
DXY - Neutral, price is at the neckline of a DB and is approaching with little momentum while in an ascending wedge pattern
Swing entries -
price got close to the .74 are and looks like it is starting to consolidate below the level, no entries during consolidation periods, I will wait until the zone is broken
Scalping entries -
no entries during a consolidation period
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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.