AUDUSD OVERVIEW for the week commencing on 13th Dec. June 2021
Weekly chart - previous week printed a bullish engulfing, still respecting the previous minor level of support
https://www.tradingview.com/x/3mQn2J4W/
Daily Chart - break of ascending channel to the downside, retracing currently
H4 chart - downtrend just retraced 100%
https://www.tradingview.com/x/PbylCauA/
30m Chart - broke previous level of support, making a new LL. Can just be a corrective or could start a new wave if a LH is established (which i would be looking at the previous level of support which is in line with the 38.2%) level)
https://www.tradingview.com/x/3mQn2J4W/
Daily Chart - break of ascending channel to the downside, retracing currently
H4 chart - downtrend just retraced 100%
https://www.tradingview.com/x/PbylCauA/
30m Chart - broke previous level of support, making a new LL. Can just be a corrective or could start a new wave if a LH is established (which i would be looking at the previous level of support which is in line with the 38.2%) level)
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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.