Potential for a 150 pips+ move in AUD/USD
AUD/USD's recovery has stopped at the 0.7815 resistance level.
Some bearish candles have also formed at this resistance level and
price is currently below the 0.78 level.
If this bearishness persists there is a chance for a drop to the 0.7730 level.
Based on bearish price action, traders can sell AUDUSD@0.7795-0.7815 with SL above
0.7850 and TP at 0.7730. This is a low risk sell set-up but keep in mind
that you should sell only if the bearish price action continues.
Some bearish candles have also formed at this resistance level and
price is currently below the 0.78 level.
If this bearishness persists there is a chance for a drop to the 0.7730 level.
Based on bearish price action, traders can sell AUDUSD@0.7795-0.7815 with SL above
0.7850 and TP at 0.7730. This is a low risk sell set-up but keep in mind
that you should sell only if the bearish price action continues.
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.
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.