AUDUSD > Short Trade Idea!!
Hey friends👋 Support this idea with like if it's helpful to you, leave me a comment below that will help me a lot 🙏.
Analysis of #AUDUSD
Price was not able to make a new high for three days after it reached a good resistance level around 0.7000, and if we check RSI history you will see each time we reach these level we tend to drop
sure it's not a reason to sell only because RSI is overbought but it is something to consider, and I think now its time for gravity to kick in and pull the price back to its 200 MA also potential support around 0.6650
For me am looking at the double top at 4h TF, am being conservative here and waiting for multiable confirmation,
⚠ Please note the ideas is valid only if it happened as I said above
Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌
Check today analysis below
Stay safe everyone
_____________________________________________________________________________
Before trading our ideas make your own analysis.
_____________________________________________________________________________
Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only
Analysis of #AUDUSD
Price was not able to make a new high for three days after it reached a good resistance level around 0.7000, and if we check RSI history you will see each time we reach these level we tend to drop
sure it's not a reason to sell only because RSI is overbought but it is something to consider, and I think now its time for gravity to kick in and pull the price back to its 200 MA also potential support around 0.6650
For me am looking at the double top at 4h TF, am being conservative here and waiting for multiable confirmation,
⚠ Please note the ideas is valid only if it happened as I said above
Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌
Check today analysis below
Stay safe everyone
_____________________________________________________________________________
Before trading our ideas make your own analysis.
_____________________________________________________________________________
Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only
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