WEEKLY TRADING COMMENTARIES FOR 5th AUG- 9TH AUG
Home / Commentary / WEEKLY TRADING COMMENTARIES FOR 5th AUG- 9TH AUG
WEEKLY TRADING COMMENTARIES FOR 5th AUG- 9TH AUG

AUD /USD
Analysis Framework - Market Condition , Level , Confluence and Signal .

StrategiesPrice Actions Trading-Market Condition-  Bearish Rally  

AUD /USD -The pairs has been in a major Downtrend for sometime , but rally down to 0.6547 support zones and closed below it. A bullish reversal pin bar was formed but was later failed to reversed the market. This led to formation of another inside bar/pinbar combo which may sustain the short term bearish moves
Key Level/Support & Resistance-   0.64481,0.63985. and - 0.65440


Price Action- The market rally downward and closed bellow the key support zone.

Anticipation- We keep our biases with dominant trend, with the formation of bullish reversal pinbar that was failed and formation of inside bar/pinbar combo below the key resistance, we remained bearish bias in a short term.

Leave a Reply

Your email address will not be published. Required fields are marked *