My Analysis on AUDUSD AND ALSO TRADE IDEA'S FOR NEXT WEEK.
On the weekly timeframe AUDUSD has been bearish for some time now, on trade ideas I've got my weekly trendline(black) zones and my S/R zones. Remember the only reason I'm drawing support zones is for it to act as resistance which is break and restest only selling opportunities that's what we're looking for.
On the daily timeframe I've got my trendline(red). And some major zones.
4hr timeframe I've got another trendline(blue) and double top pattern there. Either price complete the double top pattern and continue downward or price break through the trendline restest the resistance zone above the head back down. So for next week we're only selling AUDUSD.
On the weekly timeframe AUDUSD has been bearish for some time now, on trade ideas I've got my weekly trendline(black) zones and my S/R zones. Remember the only reason I'm drawing support zones is for it to act as resistance which is break and restest only selling opportunities that's what we're looking for.
On the daily timeframe I've got my trendline(red). And some major zones.
4hr timeframe I've got another trendline(blue) and double top pattern there. Either price complete the double top pattern and continue downward or price break through the trendline restest the resistance zone above the head back down. So for next week we're only selling AUDUSD.