AUD/USD multiple timeframe analysis
2019-11-11 03:51:18
Hy guys!
On the weekly timeframe, we see a strong bearish movement going on for quite some time. We are not expecting it to stop before it hits the indicated blue support zone. Expecting a bearish movement and then probably a bullish bounce.
https://www.tradingview.com/x/RIEaOj14/
The price was suspended by the 0.5 Fibonacci retracements for a few days, but we have seen a big bearish candle on Friday that has closed beneath the retracement. We are now looking for the bearish movement to continue.
https://www.tradingview.com/x/4QdsHVjH/
On the four hour timeframe, we are also looking for a continuing of the bearish movement. We may see some sideways or smaller bullish corrections on its way.
https://www.tradingview.com/x/4QdsHVjH/
Looking for the bearish movement to continue. A smaller bullish bounce has happened from the indicated support zone. Looking for the price to break beneath the line and continue in the bearish direction.
https://www.tradingview.com/x/pGg8WLtC/
Good luck with your trading!