AUDUSD Analysis: Shorting Opportunities Amid Retracement

9 июн.

For those eyeing AUDUSD, here's my take:

While some might be tempted to buy, anticipating a retracement (UP) due to the recent price action, I'm not focused on buying opportunities. Instead, I have more strategic shorting setups in mind.

4-Hourly Chart:
- Resistance Levels: Waiting for a retest at 0.6638 or a retest of the channel for shorting opportunities.

1-Hourly Chart:
- Resistance Levels: 0.6595, 0.6613, and 0.6636.

- Preferred Entry: 0.6636 is my ideal shorting price, as it aligns with the key resistance level.

What's your trade plan for AUDUSD? Comment down below and share your insights!

Happy trading!