👩🏽💻Technical: Weekly and the daily TF, suggesting selling pressure for AUD as the price has crossed MA 20 and MA 100. On the 4-hour, the M pattern neckline was completely broken and is now aiming to make a new 4-hour low.
🎯 For an ideal entry: You could potentially enter it now or wait for the candlestick to close into a new 4-hour low, but just keep in mind the potential first support zone in the photo I marked. The overall setup has the potential to drop down and re-test the previous daily bottom.
🎯 For an ideal entry: You could potentially enter it now or wait for the candlestick to close into a new 4-hour low, but just keep in mind the potential first support zone in the photo I marked. The overall setup has the potential to drop down and re-test the previous daily bottom.