Audusdsell
#AUDUSD SHORT.. On 4 hour chart; #AUDUSD reached a strong resistance line, SAR and T3 curve became negative, and the rising trend of RSI is broken so the price is likely to fall..
Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at your own risk..
I wish you all the best..
AUDUSD rally could come to an end hereHello friends, AUDUSD has been rallying strongly after taking a nosedive in March. However, this relief rally could be coming to an end very soon.
AUDUSD faces strong resistance at the 100D EMA and also the previous high around 0.6450.
In my opinion, the area between 0.64 to 0.6520 could be the Potential Reversal Zone(PRZ) for AUDUSD.
Re-test of 0.63402 before potential selling momentum We have price moving in what i would class as a retracement. I am looking at short term movement in this picture, price is showing potential to sell for at least 100 pips. Stop loss has been marked, if price moves to our stop loss it invalidates this pattern. Take profit has also been marked.
It's very important that you manage your risk. DO NOT risk more than 2% on this trade or any trade for that matter. Capital preservation should be your first priority.
This is the Best Area to sell AUDUSDHello friends, many of you might have considered selling AUDUSD after the drop last week. And, the idea of selling is not wrong at all.
AUDUSD has gained a whopping 17% +(more than 900 pips) after last month's drop to 0.55. This recovery is due to the relief rally in global indices.
However, the recent recovery looks unsustainable. So, when the markets start tumbling again, there's a good chance that AUD(which is considered a risk asset) will be sold off once again.
In my opinion, the best area to sell AUDUSD is between 0.6380-0.6520 which is close to the 100D EMA.
If AUDUSD reverses from that area, I expect a drop to 0.5990 at least.
AUDUSD. Will the price enter the sell zone?Hi subscribers.
In the previous chart,
we observed how the price reached its target,
now it should enter the sell zone,
from there it will be profitable to sell.
If she does not enter her,
do not perform any operations.
Good luck to you.
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This idea does not provide the financial advice.