Bearish AUD/USD for next 2 hours (hourly chart)
1. Structure has changed to be bearish, as recent highs could not break the last high at all.
2. Immense bullish strength is needed to correct, for hourly, 4 hourly and daily! Possible support @ 0.75360, resistance @ 0.75831. Breaking these levels will give us a better idea of who is in control.
Will update in 2 hours time :)
2. Immense bullish strength is needed to correct, for hourly, 4 hourly and daily! Possible support @ 0.75360, resistance @ 0.75831. Breaking these levels will give us a better idea of who is in control.
Will update in 2 hours time :)
Trade active
Shorted AUD/USD @ .75681Note
Price seems to be rejected at the resistance bar. Let's follow this over the next 2 hours and see if we should exit early!Note
Great! Price is moving in our direction. We'll exit @ .75360.NOTE: Traded price was .75861, made a typo!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.