AUD/USD Trade Idea
Hello and welcome to my Trade Idea of the currency pair AUD/USD:
Lets start with the Top Down Analysis.
Monthly: Overall bearish, so we look for short Trades.
Weekly: The trend retraced itself after touching the weekly support. Now I think the retrace is complete.
Daily: We see a Trendline and again overall bearish momentum.
H4: We recognize a Resistance Area and a Trendline, which confirm that the trend will most likely turn around.
Lets start with the Top Down Analysis.
Monthly: Overall bearish, so we look for short Trades.
Weekly: The trend retraced itself after touching the weekly support. Now I think the retrace is complete.
Daily: We see a Trendline and again overall bearish momentum.
H4: We recognize a Resistance Area and a Trendline, which confirm that the trend will most likely turn around.
Trade active
Trade closed: target reached
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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.