AUDUSD Short into 0.74200Confluences
1. Monthly/Weekly resistance
2.Weekly is rejected it and probably it will close rejecting it due to lower timeframe confluences
3. Daily -Went above then come back below, so, there is a high probability that most buyers is not interested anymore
4. Daily - Potential head and shoulders
Entry point - would be on next shoulder.
Scaling opportunity might come when it breaks the strong support
Audusdsetup
AUDUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUDUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.