Forex Market Analysis – AUDUSD Institutional Short Setup
Given the AUD weakness over the past few days we ar only looking for selling opportunities. This .737 level as you’ll see is a nice area of institutional support turned resistance. you’ll see that institutional traders were previously buying every time price dipped into the level and then once the level was broken sellers came in on the backside of the level. If price pulls back into the level it could be a good place to get short with the trend. As always use a 30-40 pip stop loss and take whatever you’ll on the profit side. good luck! unique Forex is where retail traders become institutional traders. Learn to trade like an institutional trader and become consistently profitable.
In Other View Point – AB=CD for Bearish Continuation
Bear Flag broke down last week. price trend remains bearish per ichimoku cloud – Below Cloud, bearish Cloud, Bearish TK, LS below Cloud and price. For entries post kumo breakout, you want to see price reach back towards kumo and kijun, which is what happened with a tweezer top on 12/13-12/14. i will be watching this throughout the week.
In Another View Point – AUDUSD- H4 CHART
D1 chart support zone touched + h4 chart support zone touched + bullish candel + Bullish harmonic pattern confirmed + trendline BreakOut + indicators confirmation = Perfect buy timing at price or under 0.72995.