Awaiting for a great trade

FX:AUDUSD   Australischer Dollar/U.S. Dollar
76 1
So I've been ranting on for some weeks about this trade and I think we should have some confirmation by the end of this week, or certainly by the following week this correction resuming the downtrend.

Reasons for my assumptions:
1.) Rejection by the closing of price below the daily correction trendline
2.) Weekly trendline is still in tact
3.) RSI (high period) is nearing oversold territory
4.) DXY is looking positive for a big move north and therefore will naturally draw the AUD down
5.) The weekly trend is bearish
6.) Finally, the bearish wedge pattern usually gives a nice BIG trade when obeyed.

I'm already short on this pair and will place Sell stop orders below the superficial low marked to catch this next trade.

For more information please follow me or sign up to my developing website: http://www.ejfxtrading.com
Superb analysis!
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden