AUDUSD POSSIBLE BEARS
Looing at this pair from the Monthly TF i noticed we're in a bearish momentum after noticing the market making LH and LL and i noticed how the market keeps respecting Major Monthly support which is now turned resistance, i won't overlook the fact that the previous Monthly candle closed as an Hammer but i'm still bearish as we're obviously in a bearish momentum and also from analyzing DXY i've got bearish bias on that which is more confluence for my bearish bias.
Going down to the Weekly TF i observed the Weekly Candle closed as a bearish engulfing and also closed below Weekly support now turned resistance. Looking at the Daily TF i can see the market starting to make LH and LL's and my 9 and 21 EMA's are both in confluence with my bias so i'm bearish all the way on this pair with my TP1 @ O.6850, TP2 @ 0.6770 and TP3 @ 0.6635 which is my Monthly TP
Going down to the Weekly TF i observed the Weekly Candle closed as a bearish engulfing and also closed below Weekly support now turned resistance. Looking at the Daily TF i can see the market starting to make LH and LL's and my 9 and 21 EMA's are both in confluence with my bias so i'm bearish all the way on this pair with my TP1 @ O.6850, TP2 @ 0.6770 and TP3 @ 0.6635 which is my Monthly TP
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