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Bearish Momentum Continues!
Australian Dollar / U.S. Dollar
Long
Bearish Momentum Continues!
By RaynLim
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Sep 3, 2023
1
Cheer
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Sep 3, 2023
📉 Monthly Chart:
- Support at 0.6160, but no end to bearish trend.
- Consider countertrend moves carefully.
📉 Weekly Chart:
- Market near resistance, but don't miss the bigger picture.
- Be cautious with countertrend trades.
📉 Daily Chart:
- Strong bearish movement.
- Market shows weakness at previous resistance.
📉 Four-Hour & One-Hour Charts:
- Potential countertrend opportunities, but be cautious.
- Look for confirmation before engaging in trades.
💡 Trading Strategies:
- Weekly chart: Gartley pattern at 0.6173 for patient buyers.
- Daily chart: Bullish crab pattern at 0.6191 for buying opportunity.
- One-hour chart: Counter trend buying opportunity around 0.6400 if market breaks lower.
askforex100
AUDUSD
Bullish Crab
Bullish Gartley
Bullish Shark
countertrend
Crab
deepgartleyatx
Gartley
Shark
sharkpatterns
RaynLim
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