AUD/USD - SHORT
1M
This Month we retested the monthly area and also the weekly area. Market is ranging between these two points.
1W
After a huge bullish engulfing taking out 4 weeks’ worth of candles we pinned the EMA and closed above the weekly. This week we are trading back below the EMA and the Weekly.
1D
2 strong days of bearish momentum, today has closed below the EMA. I’m expecting it to head lower.
4H
Downwards facing EMA has been retested by the price and a wick off this, plus a bearish engulfing. Price to head lower to the next daily support.
This Month we retested the monthly area and also the weekly area. Market is ranging between these two points.
1W
After a huge bullish engulfing taking out 4 weeks’ worth of candles we pinned the EMA and closed above the weekly. This week we are trading back below the EMA and the Weekly.
1D
2 strong days of bearish momentum, today has closed below the EMA. I’m expecting it to head lower.
4H
Downwards facing EMA has been retested by the price and a wick off this, plus a bearish engulfing. Price to head lower to the next daily support.
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