TECHNICAL ANALYSIS

AUDUSD DAILY

1.PRICE TESTED MM3 AND FAILED TO BRAKE THE RESISTANCE. 2.STOCHS IS AT OVERBOUGHT AND GOING DOWN. 3.THE 5 8 MOVING AVERAGES ARE AT THE POINT OF CROSSING.

AUDUSD H4

1.PRICE IS AT WPP AND WE ALREADY SEE A LOWER HIGH, AND A 5 8 CROSS. 2.STOCHS IS HEADING TOWARDS OVERBOUGHT

AUDUSD H1

1.PRICE IS RANGEBOUND BETWEEN DM3 & DPP. WE EXPECT THE PREVIOUS RESISTANCE TO BE TESTED IF PRICE BRAKES DM3. 2.STOCHS IS HEADING TOWARDS OVERBOUGHT. 3. I AM GOING TO WAIT FOR STOCHS TO BE OVERBOUGHT. 4.I AM ALSO WATCHING LOWER TIMEFRAMES CAREFULLY IN ORDER TO CONFIRM THE TRADE OPPORTUNITY. I AM A BEAR ON THIS CURRENCY PAIR.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.