Evening Traders,
Today’s analysis – AUDUSD – impulse sell from swing high, further downside probable,
Points to consider,
- Trend bearish
- Daily S/R Support
- Local S/R Resistance
- Oscillators approaching oversold
- Volume below average
The immediate trend for AUDUSD is bearish due to impulse sells. This allows us to have a bearish bias on the market.
The Daily S/R is currently holding as support, price is likely to respect this level on the initial test.
Local S/R is the immediate resistance, respecting this level will establish a bearish retest.
Both oscillators are approaching oversold conditions, this is indicative of a short term bounce, relief rally before continuation.
The volume is currently below average, an influx is likely with accelerated selling.
Overall, in my opinion, AUDUSD is a valid short with defined risk. Price action is to be used upon discretion/ management of trade.
Hope this analysis helps
Thank you for following my work!
And remember,
“You never know what kind of setup market will present to you, your objective should be to find opportunity where risk reward ratio is best.”
― Jaymin Shah
Today’s analysis – AUDUSD – impulse sell from swing high, further downside probable,
Points to consider,
- Trend bearish
- Daily S/R Support
- Local S/R Resistance
- Oscillators approaching oversold
- Volume below average
The immediate trend for AUDUSD is bearish due to impulse sells. This allows us to have a bearish bias on the market.
The Daily S/R is currently holding as support, price is likely to respect this level on the initial test.
Local S/R is the immediate resistance, respecting this level will establish a bearish retest.
Both oscillators are approaching oversold conditions, this is indicative of a short term bounce, relief rally before continuation.
The volume is currently below average, an influx is likely with accelerated selling.
Overall, in my opinion, AUDUSD is a valid short with defined risk. Price action is to be used upon discretion/ management of trade.
Hope this analysis helps
Thank you for following my work!
And remember,
“You never know what kind of setup market will present to you, your objective should be to find opportunity where risk reward ratio is best.”
― Jaymin Shah
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Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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免責事項
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Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。