AUDUSD Bearish Setup Analysis
Hi there,
The AUDUSD appears bearish at the H3 level, with the current candle showing signs of losing momentum against the pin of the third candle, with a low challenging the low of the third candle. Therefore, 0.64980 is the level of bearish interest.
Once the price drops below this level (0.64980), the invalidation line will be active at 0.65623. Until that happens, the current price is supported by the low shown in the chart.
In the event the price never rings a bell and goes up to the invalidation line,- that will also cancel the setup.
The 0,64093 is the target for a bias of 0.63781
Happy Trading,
K.
The AUDUSD appears bearish at the H3 level, with the current candle showing signs of losing momentum against the pin of the third candle, with a low challenging the low of the third candle. Therefore, 0.64980 is the level of bearish interest.
Once the price drops below this level (0.64980), the invalidation line will be active at 0.65623. Until that happens, the current price is supported by the low shown in the chart.
In the event the price never rings a bell and goes up to the invalidation line,- that will also cancel the setup.
The 0,64093 is the target for a bias of 0.63781
Happy Trading,
K.
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