AUDUSD Daily timeframe sell setups
Updated
AUDUSD is currently retracing, creating higher lows on the H4 and H1 timeframe. If we are looking at this as a weekly and daily timeframe setup, we have reached the level ( 0.69500 - 0.70000 ) where price could be shifting back to the downside. This zone is a key psychological level and if price can give us the H4 resistance I'm expecting with the Daily timeframe bearish momentum, I will begin looking for sells down to the 0.67000 psyc level.
Note
Price respected the 0.700 psyc level and is currently ripping down!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.