AUD/USD Daily Analysis
Daily:
Both MA's about to cross to the downside - Daily
Failed to close above Descending Channel - Daily
*CLEARLY* Rejected off Weekly Res, TOO MANY SELLERS!!! - Daily
AT 50% Fib Retracement we saw a strong bullish Marabuzo, bare gassed buyers. So seeming as so many people we're in a buying mood, emotionally gassed. I've taken the mid as a good short term key level, both support and resistance. - Daily
Since the day of the gassed buyers, we see 0.71620 acted as good support, now turned resistance - Daily
Looks like we closed cleanly below the 38.2% - Daily
Slower EMA is acting as support for now, probably a good opp to catch a lil retracement if your experienced - Daily
Looks like we could be fulfilling AB=CD Targeting 0.67500 to put in new LL - Daily
Just look for confluences and trade em'
Good Luck
P:S if that double top actually happens just know it's not luck
Both MA's about to cross to the downside - Daily
Failed to close above Descending Channel - Daily
*CLEARLY* Rejected off Weekly Res, TOO MANY SELLERS!!! - Daily
AT 50% Fib Retracement we saw a strong bullish Marabuzo, bare gassed buyers. So seeming as so many people we're in a buying mood, emotionally gassed. I've taken the mid as a good short term key level, both support and resistance. - Daily
Since the day of the gassed buyers, we see 0.71620 acted as good support, now turned resistance - Daily
Looks like we closed cleanly below the 38.2% - Daily
Slower EMA is acting as support for now, probably a good opp to catch a lil retracement if your experienced - Daily
Looks like we could be fulfilling AB=CD Targeting 0.67500 to put in new LL - Daily
Just look for confluences and trade em'
Good Luck
P:S if that double top actually happens just know it's not luck
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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.
Related publications
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.