ThreePillarsTrading3
Short

AUDUSD, IS RONA CAUSING A BEAR RUN?

OANDA:AUDUSD   Australian Dollar / U.S. Dollar
HELLO ALL,

HOPE YOU ALL HAD A GREAT WEEKEND, MY VIEW FOR AUDUSD IS BEARISH . THE US HAS SEEN A BIG SPIKE ON RONA CASES WHICH IN TURN COULD CAUSE THIS PAIR TO PUSH LOWER. ON THE CHART, TECHNICAL VIEW, I POINT OUT WHAT LOOKS TO BE AN INVERTED CUP AN HANDLE AND THE BEARISH BREAK FROM THE 4HR TREND LINE . LOOK FOR PRICE ACTION TO CONFIRM THIS PUSH DOWN, IF NO FURTHER PRICE ACTION IS SEEN TO PUSH THE PAIR LOWER, WAIT TO SEE IF THE PAIR GOES UP TO THE TREND LINE THEN LOOK FOR PRICE ACTION THERE.

GOOD LUCK TO ALL ON THIS COMING TRADING WEEK!!!

PLEASE GIVE A THUMBS UP IF YOU LIKE AND COMMENT YOUR IDEAS AND OPINIONS, THANK YOU!
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