AUDUSD 240 short near-term, possible reversal to UT.
The overriding feature of this chart is that we are near a 10-year low about 0.68345. I see a possible reversal to UT from that point, although so far there is only one HH. I am looking for short PA to retest the close-by SR. If so, this will form the first HL of the possible UT. Alternately if it breaks that SR, I’ll be looking for a retest at the 10 year low.
And dagnabit, I missed the short trade that is marked, I was asleep at the switch. Can’t get all the good ones. I might look for a retracement as shown and short if it respects the trendline. Keep an eye on the RSI also looking to reflect from the 50.
And dagnabit, I missed the short trade that is marked, I was asleep at the switch. Can’t get all the good ones. I might look for a retracement as shown and short if it respects the trendline. Keep an eye on the RSI also looking to reflect from the 50.
Note
This one turned out as I thought it would. Including predicted movements in both PA and RSI. On to the next trade I guess.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.