AUDUSD Short
1M
HH and HL are being formed currently, I believe the next HL is being formed currently. EMA to the upside but this is lagging.
1W
Last week’s candle has broken the Weekly 0.75750 level and close below it, we should expect a retest. EMA to the Down side.
1D
EMA to the downside again, todays candle has retested and weekly level and rejected. Looking to move towards the next lower monthly level 0.74000
4H
Fib line 50% rejected twice, this is very close to the weekly resistance. Counter trend line has been broken with a strong bearish candle, while EMA crossed to the downside.
HH and HL are being formed currently, I believe the next HL is being formed currently. EMA to the upside but this is lagging.
1W
Last week’s candle has broken the Weekly 0.75750 level and close below it, we should expect a retest. EMA to the Down side.
1D
EMA to the downside again, todays candle has retested and weekly level and rejected. Looking to move towards the next lower monthly level 0.74000
4H
Fib line 50% rejected twice, this is very close to the weekly resistance. Counter trend line has been broken with a strong bearish candle, while EMA crossed to the downside.
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Stop Reached