AUDUSD Trade Idea

2021年1月5日

In the previous analysis, I expected AU to have deeper pullbacks towards 0.7640 support zone as i noticed the buyers' weakness due to the complete digestion of bullish impulse, which was exactly what the market performed. Currently looking at short-term selling opportunities after some pullback around 0.7696 - 0.7703 zone for some bearish continuation setup with 0.7640 zone yesterday's low as the initial target. We need a bearish candlestick pattern as trigger to validate the setup, i doubt price would retrace all the way back to 0.7740 zone, but if it does will be looking for a triple top setup.

Trade safe.

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2021年1月5日

註釋

Previous analysis