AUSSIE DOLLAR FOR A SHORT? AUDUSD

17 Mei 2020

AUDUSD

Note: (MARKET IS REACTIVE AND NOT PREDICIVE)

From a daily perpective, price has clearly rejected the resistance zone and has created a historical double top.

Price is also at a support zone and we can see a break in support

Since market price moves in waves, the price can break the support and retest the broken support before making a move to the target of 0.61764
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With this 200 pips can be caught.

Also we see there are two uptrend lines which acts as a support, one has been broken, with a few candles the other will be broken. If this happens we can confirm with the strategy used to initiate a short position

Entries will be initiated using one hour or four hour timeframe.

(PLEASE HIT THE LIKE BUTTON AND COMMENT WHAT YOU HAVE IN MIND TO SUPPORT )

19 Mei 2020

Nota

Hello traders, from the analysis days ago we see price rejected the zone and shot to the resistance zone.

If price is to break the resistance zone we can adapt to a long position.

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20 Mei 2020

Nota

AS PROFESSIONAL TRADERS WE NEED TO ADAPT TO THE MARKET CONDITIONS.