AUDUSD Sellers Standing Firm for Now
Hello Traders! Happy New Year!!
Thank you for taking the time to read my ideas, any support and comments help me improve as well to gain confidence to continue my trading journey!
AUDUSD has been steadily rising within a trend channel which bears are pushing back at 0.7674 level which we should get a correction to the small demand zone of the lower boundary trend line. There are multiple bearish factors which support this short opportunity which includes RSI being over bought, bearish volume divergence, sellers strong at the resistance level, and with the correlation with gold ranging. Quick pips before bulls take over.
Target 0.7590 range
Good LUCK!
If you have a different analysis, please share! Lets manage this trade together!
Don't forget to click the LIKE button and FOLLOW me to see more ideas! I appreciate all the advice/support!
AUDUSD
Thank you for taking the time to read my ideas, any support and comments help me improve as well to gain confidence to continue my trading journey!
AUDUSD has been steadily rising within a trend channel which bears are pushing back at 0.7674 level which we should get a correction to the small demand zone of the lower boundary trend line. There are multiple bearish factors which support this short opportunity which includes RSI being over bought, bearish volume divergence, sellers strong at the resistance level, and with the correlation with gold ranging. Quick pips before bulls take over.
Target 0.7590 range
Good LUCK!
If you have a different analysis, please share! Lets manage this trade together!
Don't forget to click the LIKE button and FOLLOW me to see more ideas! I appreciate all the advice/support!
AUDUSD
