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AUDUSD: key levels where we are looking for short positions
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Loading...AUDUSD D1 | Our expectations:
Key levels of resistance, diagonal, Fibo and SMA50, and if the current bar closes below 50 period it will be a fake breakout and we can look for short positions at 30 or 50% on the last bar / only if it closes around the current levels - pin bar / the stop must be exported sufficiently above 200SMA or 0.72615.
Downward trend and correction to 61.8 on one of the last downward waves.
Third at low peak after fx flash crash - negative signal.
Probably forming a pin bar.
SMA50 SMA200 in the sword formation and still cost below them a negative signal.
DeM (14) still does not give a short signal.
The more conservative option is to wait for a break below the internal diagonal and below the potential pin or under 0.7116.
Alternative scenario: Closed bar above 50 period MA may lead to a new upward momentum that will give us a better price for short positions. With a proven break above 200SMA, we can start looking for long positions.
Trader Nikolay Georgiev Read more:
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