AUDUSD heading towards previous high, facing selling pressure

AUDUSD heading for the previous high pivot zones
I expected price will hold or even retreat from the upper yellow zone

If things goes like what I expected, I will identify 60m reversal pattern in the next few days.
I am ready for the short setup at the moment amd will update later accordingly.

Bình luận:

Price touched the zone, But I didn't identify qualified short zone on the 60m chart. Still pending.
However, if you are position trader, you can take the short trade, a bit aggressive for me though.

Giao dịch đang hoạt động:

14 & 50 EMA is pending crossing with the zone barely violated.
Entry: 0.7386, stop: 0.7396
target1 : 0.7370 target 2: 0.7340
Small zone and quick profit. if the zone got violated. I'll look for long setups

Đóng lệnh: đạt mục tiêu:

I've checked the 1H chart. RR is at least above 3..So a quick-profit trade. Now the sell zone got violated due to the weakness of USD, we should look for long setup.