Using my topdown analysis from monthly TF upto to 4hrs TF, everything is pointing to a bearish trend for AUDUSD. AUDUSD failed to break the resistance trendline and it has presently showed an engulfing bearish candle on the weekly and monthly chart.
I'm expecting the price to retest the last major support at 0.61792. I am anticipating over 400pips as the market descend.
I have placed my entry and 2 TP targets on 4hr time frame.
However, there is a probability for price to retrace at the minor key level of 0.66880 marked in yellow.
What's your thought on this? kindly like and comment
I'm expecting the price to retest the last major support at 0.61792. I am anticipating over 400pips as the market descend.
I have placed my entry and 2 TP targets on 4hr time frame.
However, there is a probability for price to retrace at the minor key level of 0.66880 marked in yellow.
What's your thought on this? kindly like and comment
