Hi Traders!
AUDUSD has tested the 6-month high but has failed, and there is a potentially big pullback that is about to occur.
Here are the details:
After the range zone breaks to the upside, The market was in an aggressive bull rally to tray and test the 6-month high but has exhausted due to a strong bearish presence at the 6-month high.
The next signal to confirm this will be a price break below the 20 EMA for a confirmation signal.
Preferred Direction: Sell
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
AUDUSD has tested the 6-month high but has failed, and there is a potentially big pullback that is about to occur.
Here are the details:
After the range zone breaks to the upside, The market was in an aggressive bull rally to tray and test the 6-month high but has exhausted due to a strong bearish presence at the 6-month high.
The next signal to confirm this will be a price break below the 20 EMA for a confirmation signal.
Preferred Direction: Sell
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
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t.me/bluetonaFX
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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.
JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
Related publications
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.