AUDUSD > Short Trade Idea!!

2020年6月7日

Hey friends👋 Support this idea with like if it's helpful to you, leave me a comment below that will help me a lot 🙏.

Analysis of #AUDUSD

Price was not able to make a new high for three days after it reached a good resistance level around 0.7000, and if we check RSI history you will see each time we reach these level we tend to drop

sure it's not a reason to sell only because RSI is overbought but it is something to consider, and I think now its time for gravity to kick in and pull the price back to its 200 MA also potential support around 0.6650

For me am looking at the double top at 4h TF, am being conservative here and waiting for multiable confirmation,

⚠ Please note the ideas is valid only if it happened as I said above

Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌

Check today analysis below

Stay safe everyone
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Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only