AUDUSD Sell set up -
Daily -
AU has been on a downtrend since Feb 2018. The market is now approaching the resistance line.
Looking for rejection of the resistance trend line and to make its move down resulting in a 220 pip trade.
4hr -
On 4hr AU has found resistance at 0.070470. From that market is created a triple top.
Daily resistance trend line is just 6 pips away from CMP.
Also, an M formation has reached the 4th position.
Anticipating a drop-down to number 5 to complete the M formation and also the triple top.
You can hold the trade down to Daily support- 0.68300.
Daily -
AU has been on a downtrend since Feb 2018. The market is now approaching the resistance line.
Looking for rejection of the resistance trend line and to make its move down resulting in a 220 pip trade.
4hr -
On 4hr AU has found resistance at 0.070470. From that market is created a triple top.
Daily resistance trend line is just 6 pips away from CMP.
Also, an M formation has reached the 4th position.
Anticipating a drop-down to number 5 to complete the M formation and also the triple top.
You can hold the trade down to Daily support- 0.68300.
Nota
breakout due to FED talks.Trade still set.
Nota
Target 1 reached
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.