jojofang0901

AUDUSD Did you catch the sell ? More downside possible

Kort
OANDA:AUDUSD   Australiensisk dollar/USA-dollar


Hi traders:

I was not active for about since last week, took a much needed vacation and mini-getaway.

Now I am back and seeing some good development of the price.

Here on AUDUSD, from my previous outlook and forecast from the top,

price indeed pushed down aggressively, and now is at the bottom of the lower time frame ascending structure.

This is where we can likely to see some consolidation, if price is going to push down to the next low.

Ideally we want to see a bearish continuation correction to form and complete, to give us a confirmation sell down to the next low.
But, don't be surprise if price bounce of from this LTF structure and move up again, in that case, no entry and no trade.

The downside is more ideal and better R:R to continue as the higher time frame also indicates.

thank you

Jojo


I will NEVER message you to Sell Anything/Service For $.
100% Free Educational Trading Content.
NO Telegram, Discord, Whatsapp & Facebook.
Be Careful of Scammers, Impersonators/Fakers of ME on Those Platforms.
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.