AUD-USD COUNTER TREND SELL OPPORTUNITY

٤ يونيو ٢٠٢٠

AUD-USD PAIR HAS BEEN ON STRONG BULLISH TREND DUE TO BROAD USD WEAKNESS AND ALSO STRENGTH IN OIL. PAIR HAS NOT GOT ANY SIGNIFICANT RESISTANCE SINCE 27 MAY, 2020 IN H-4 CHART. CHART HAS FORMED DOUBLE TOP FORMATION (H-4) NEAR PREVIOUS DAILY RESISTANCE LEVEL. SO WE CAN EXPECT THE PAIR TO RETRACE TO THE DOWN SIDE. WHICH GIVES US COUNTER TREND SELL OPPORTUNITY.

SELL ENTRY: 0.6903
STOP LOSS: 0.7027
TARGET-1: 0.6825
TARGET-2: 0.6725