AU
AUDUSD Analysis 30/6/19H4 Chart
D1 Chart
30/6/19
Daily bearish trend yet to be broken (price did not break previous high) even though price made double bottom.
Double bottom near weekly now also daily support.
IF price break previous high of the double bottom, potential 36p movement towards the trendline and nearest resistance.
Looking for SELL setup within yellow zone, SELL setup VOID if price breaks the resistance area & trendline.
(IF this happen, look for BUY setup)
AUDUSD - Intraday short ideaAUDUSD H4
Third touch of the trendline
+
Fib golden pocket (61.8 - 71%)
+
Fib time zone (1.5 - 2)
Should see a nice short happening (intraday idea)
1. This profile is for educational purposes ONLY!
2. The setups given are my own perspective of the forex market and by no means require action!
3. Trading involves risk, past profits do not guarantee future results, so never risk what you are not willing to lose!
@PipsOfPersia
t.me
AUDUSDLooking at the "flash-crash" that occurred on January 3rd, if we move to the 1hr time frame and box it off, that is where "smart money" got in and drove the price down. With this, smart money still has long positions in this area and are in need of mitigating their drawdown before we take back off to the upside. Watch price action in this area and pay attention to what smart money wants to do from here.
AUDUSDLooking at the "flash-crash" that occurred on January 3rd, if we move to the 1hr time frame and box it off, that is where "smart money" got in and drove the price down. With this, smart money still has long positions in this area and are in need of mitigating their drawdown before we take back off to the upside. Watch price action in this area and pay attention to what smart money wants to do from here.