Two opportunities in the AUDUSD
Hello, guys!
Audi has a very interesting situation. Let's see.
On the daily chart, we see that pair found strong support at 0.71 and forms a pinbar from it - But not in a hurry to long.
It is worth at least to look at the same frantic downward impulse that occurred from 0.725.
However, there is still a short-term opportunity for long.
On the hourly chart we see a false breakdown of the main support in the form of a V-shaped model + bullish divergence and oversold by RSI, together forming a bullish setup for buying up to 0.712.
Nevertheless, from the level of 0.712 I will wait for the opportunity to short.
I expect about the following:
1) Short-term rollback to level
2) A small outset about the level
3) Candles with shadows from level / pinbar
4) Reversal bearish signal
5) The fall
Audi has a very interesting situation. Let's see.
On the daily chart, we see that pair found strong support at 0.71 and forms a pinbar from it - But not in a hurry to long.
It is worth at least to look at the same frantic downward impulse that occurred from 0.725.
However, there is still a short-term opportunity for long.
On the hourly chart we see a false breakdown of the main support in the form of a V-shaped model + bullish divergence and oversold by RSI, together forming a bullish setup for buying up to 0.712.
Nevertheless, from the level of 0.712 I will wait for the opportunity to short.
I expect about the following:
1) Short-term rollback to level
2) A small outset about the level
3) Candles with shadows from level / pinbar
4) Reversal bearish signal
5) The fall
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