AUDUSD OVERVIEW for the week commencing on 21st June 2021
Very strong bearish weekly closure
Daily Chart - Formation of a head and shoulders pattern, so expecting further bearish momentum, break of support level (neck line)
H4 Chart - initiated downtrend as it made a LH and LL.
30m Chart - Downtrend, waiting for pullback to finish to enter on shorts with the bears
Daily Chart - Formation of a head and shoulders pattern, so expecting further bearish momentum, break of support level (neck line)
H4 Chart - initiated downtrend as it made a LH and LL.
30m Chart - Downtrend, waiting for pullback to finish to enter on shorts with the bears
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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.