The price on AUDUSD fell to new lows Tuesday, December 20, 2022. If this is a true price reversal, price can potentially stay below 0.68921 and decline back down to 0.66281. What will invalidate this analysis is if price pushes back past the high price of 0.68921.
If this analysis does not work out
The invalidation of the analysis can lead us back up to true weekly timeframe to analyze the true bearish trend of AUDUSD. However, we are not there so following the current trend on the daily is more valid.
This is a beautiful 2.15 risk to reward trade. It’s worth the look.
I’d love to read your thoughts on this pair. Also, thanks for the likes and support!
If this analysis does not work out
The invalidation of the analysis can lead us back up to true weekly timeframe to analyze the true bearish trend of AUDUSD. However, we are not there so following the current trend on the daily is more valid.
This is a beautiful 2.15 risk to reward trade. It’s worth the look.
I’d love to read your thoughts on this pair. Also, thanks for the likes and support!
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.
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.