AUDUSD – Clear bearish market condition

Written by Raul Lopez on . Posted in Trades & Analysis.

The AUDUSD is trading in a bearish market condition, it broke through an important LT support level around 0.9721. This is my daily chart:

For those trading using traditional technical patterns it has also completed and validated (broke the neckline) a H&S pattern.

Only short opportunities will be taken in consideration (all long opportunities will be ignored).

Trade Safe!

Raul Lopez
Forex Training

AUDUSD Analysis

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
ProTradingNow
Free Education
Other
Contact