AUDUSD sell (intraday)

17 May 2024

The idea revolves around D, 4h, 1h and 30m timeframes.

• The audusd pair recently made a huge rejection after hit the daily resistance
  
• There is no new key level in the 4h timeframe (except the new transformed support), so at least the price will likely go to that level once again
  
• There's a multiple mini resistance in the 1h timeframe (yellow dashed line) which is not fresh anymore unless the .66786
  
• The previous daily resistance which acts as a support now is still our target to go
  
• If you take a look at the dxy, the dxy already support this idea (cause the dxy also rebounds on the daily support)
  

That's all, wish you a good trade.

17 May 2024

Not

I use the 30m timeframe only for the confirmation