AUD/USD - Bearish Trend Continuation
Hello Traders!,
We've reached the end of the trading week, we will be looking for set-ups that'll take us into the next week.
What Is The Market Telling Us?
We've reached the end of the trading week, we will be looking for set-ups that'll take us into the next week.
What Is The Market Telling Us?
- AUD weakness has occured after 2 attempts at our supply zone, 0.69 resistance has been broken & retested
- 4H timeframe shows we are currently in our 3rd wave of bearish impulse, indicating more selling pressure ahead
- 0.69 is our invalidation level, so if price violates this level, we are no longer bearish on AUD/USD
- I have two possible outcomes to look for SELLS, we can look for a bearish pattern on our minor resistance then SELL
- 2nd scenario is more conservative, so we wait for price to revert back up to our 0.6900 resistance, look for bearish signals then SELL.
Operación cerrada: objetivo alcanzado:
70 PIP target reached, then market reversed on our support
70 PIP target reached, then market reversed on our support