AUDUSD potential reverse

25 Mar 2020

Ideally I want to wait till price come 0.5% Fib level, but today I think AU will close very big tailed PinBar.
Whit this in mind I take very small Short position.

0.6006 area is Oct '08 support and multi-year low.
Also price touch 10-EMA and almost 38.2% Fib.

This is not perfect setup, like I said, I want to see the pair is come little more upside.

13 Nis 2020

Not

When price is reach 50% fibo, then i dont find any reason to take sell position. Maybe trend is reversed or i must wait 61,8% fibo. I wait and look what price doing that level.
Also i dont see any BUY options.

28 Nis 2020

Not

Little update.
Now the pair is touching 61,8% FIBO and when you open RSI, then you see divergence. These two are not enough reasons to take a trade, but when I see very good bearish price action, then I think open a Short position.

The other way, when the price breaks above 6450 area, then I cancel idea.

8 May 2020

Emir iptal

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