AUDUSD is in a strong bearish trend. After looking at the weekly and monthly charts we are only looking at selling
opportunities.
We have seen the following reasons for looking to sell:
1: Bearish flag breakout.
2: Trendline breakout.
We are looking to take an entry at the retest of the trendline.
opportunities.
We have seen the following reasons for looking to sell:
1: Bearish flag breakout.
2: Trendline breakout.
We are looking to take an entry at the retest of the trendline.
Trade active
Note
A lot of consolidation. We might end up close this trade as it seems both currencies are of similar strength at the moment which is causing this range.Trade closed: target reached
Price shot down several weeks later.
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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.
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.