AUDUSD short opportunity

11 dic 2020

Hello Traders,

I pointed out two channels on the chart in H4 timeframe, price is at the center line of the bigger channel (Pink) and at the top of the smaller one (Green). I expect to see a reaction here and I believe its good opportunity to go short in AUS/USD.

My analysis is based on m30 so it is a short term analysis but there is a possibility of becoming a medium term.





There is a time cycle zone (two vertical lines) in m30 timeframe which shows good time for strong correction or reversal.

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Good luck

P.S. Note that this analysis is my opinion and might be wrong. It is not a trading advice.

11 dic 2020

Trade chiuso: obiettivo raggiunto

As mentioned, I expected to see a reaction in short term in m30 . It worked well and I am out. But it might continue downward more.