POTENTIAL TRADE: AUD/USD
I am looking to enter short on this currency pair for the following reasons:
- Buying support zone has been violated and price managed to create a new low 0.650.
- We are observing trend-line resistance which is maintaining a down-trend.
- Price has created a new low therefore the down-trend is still intact and follow through is present.
If you found this idea useful, leave a like and follow me for more analysis and trading signals.
If you have any questions, feel free to ask in the comment question. I respond to all comments!
You must always use correct risk management when following any analysis.
Happy Trading!
I am looking to enter short on this currency pair for the following reasons:
- Buying support zone has been violated and price managed to create a new low 0.650.
- We are observing trend-line resistance which is maintaining a down-trend.
- Price has created a new low therefore the down-trend is still intact and follow through is present.
If you found this idea useful, leave a like and follow me for more analysis and trading signals.
If you have any questions, feel free to ask in the comment question. I respond to all comments!
You must always use correct risk management when following any analysis.
Happy Trading!