Hello, Elite traders.
AUDUSD short position is ready when price break 0.74083 support level by doing another retracement from the same level. Retracement is needed because we are still in overall buyers territory.
Our strenght meter from our custom indicator is showing short flow on USD dollar. On the other side, AUD currency pair did well move from previous bullish analysis (check linked message). We took out our profits from trading table.
Our custom currency meter is giving us dirrection flow which telling us important facts of suspecious turning point for this particular currency pair.
Another provement will be followed next week after market will open, from our previous support / resistance levels.
Designed trending indicator is 55% bullish with price action of double top pattern. This is positively low for staying bullish from the last AUDUSD setup. Therefore this is another good sign audusd might be good for shorting position.
Entry below 0.74083 support level
First target at strong support zone at 0.73501
Second target at strong support zone at 0.73055
*drawings are made superficially on purpose. We do not want to reveal all our Elite secrets, but once you are one of Elite then every analysis become easy to understand*
If you'd like to know why and how we look chart and manage price action with elite custom indicator system, you are more then welcome in our Elitefxacademy community
Wish you great weekend
Elitefxacademy
AUDUSD short position is ready when price break 0.74083 support level by doing another retracement from the same level. Retracement is needed because we are still in overall buyers territory.
Our strenght meter from our custom indicator is showing short flow on USD dollar. On the other side, AUD currency pair did well move from previous bullish analysis (check linked message). We took out our profits from trading table.
Our custom currency meter is giving us dirrection flow which telling us important facts of suspecious turning point for this particular currency pair.
Another provement will be followed next week after market will open, from our previous support / resistance levels.
Designed trending indicator is 55% bullish with price action of double top pattern. This is positively low for staying bullish from the last AUDUSD setup. Therefore this is another good sign audusd might be good for shorting position.
Entry below 0.74083 support level
First target at strong support zone at 0.73501
Second target at strong support zone at 0.73055
*drawings are made superficially on purpose. We do not want to reveal all our Elite secrets, but once you are one of Elite then every analysis become easy to understand*
If you'd like to know why and how we look chart and manage price action with elite custom indicator system, you are more then welcome in our Elitefxacademy community
Wish you great weekend
Elitefxacademy
