Keeping it Simple on AUD/USD

in forex •  2 months ago 

forexbrokr-steemit-header.png

Direct from the desk of Dane Williams,
This is not your average forex broker blog.


Afternoon team,

Inside yesterday's weekly market preview, one of the majors that I featured to be on the look out for setups within, was AUD/USD.

For today's analysis blog, I'm going to focus solely on the pair. Take a look at the higher time frame chart below:

AUD/USD Daily:
191008-audusd-d1.png

It doesn't take a degree in finance for you to be able to see that the Aussie is in a higher time frame bearish trend and that it's below higher time frame support/resistance.

See how the chart slopes from the top left hand corner to the bottom right hand corner? That's a bearish trend.

See that horizontal zone that has been tested both as support and resistance? That's price below it.

Keep it simple, stupid.

I have spoken about price holding daily resistance and maybe setting up as a juicy short for the week and that's exactly what is happening.

In yesterday's daily email, my Inner Circle members read about AUD/USD pointing to a possible short and low and behold, price is giving us a second chance right now.

Click the link, find the setup and then join my Inner Circle ⭕️ if you see value in my analysis.

Best of probabilities to you,

Dane.



forexbrokr-logo1.png

@forexbrokr | Steemit Blog

Market Analyst and Forex Broker.

Forex Broker

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!