$AUDUSD | Sitting on Dynamic Resistance - POTENTIAL DROP!!
Hi Everyone,
Currently we're looking at Australian Dollar gaining momentum as US Dollar slipping of and it's a right time to take
an opportunity in this Long term Bearish Trend as price action indicates Overbought
Based on
- Dynamic Resistance
- Price Oversold (H4)
- 200DAY WMA acting as a resistance
on Daily Chart
- Trend Line (Resistance barrier)
tested 3X
- Fibonacci minor Grid level (0.382)
- RSI, CMO - Oversold!
Overall it's a Healthy trade and we'll be shorting it now as price is expected to drop any minute!
If you find this analysis helpful then leave a LIKE
and Feel free to comment your thoughts,
Currently we're looking at Australian Dollar gaining momentum as US Dollar slipping of and it's a right time to take
an opportunity in this Long term Bearish Trend as price action indicates Overbought
Based on
- Dynamic Resistance
- Price Oversold (H4)
- 200DAY WMA acting as a resistance
on Daily Chart
- Trend Line (Resistance barrier)
tested 3X
- Fibonacci minor Grid level (0.382)
- RSI, CMO - Oversold!
Overall it's a Healthy trade and we'll be shorting it now as price is expected to drop any minute!
If you find this analysis helpful then leave a LIKE
and Feel free to comment your thoughts,
