AUDUSD Day Trading, 6A Futures-Contract

AUDUSD Chart

Head and Shoulder Pattern, give us Short Direction on AUDUSD

As you all know, I mention this Pattern long time ago, and it finally give us a Direction.

Right Now, Seller taking a break, since we hit 2 resistance ( Greet Bullish Trend line and My Fuchsia Resistance).

On volume side, you can see, that Sellers was as strong as first time. Will see if they can keep this commitment for next move short.

6A Chart

What Next? AUDUSD creating a Bearish Trend, and will see if we stay in till we hit 0.9650 price.

For next week, I will like to see market go back to my consolidation zone. A this level Buyers will hit 2 sellers resistances. 200MA and my “My Buyers Resistance“. IS also Targets for Long direction. I reccomand to wait till buyers get at this level, and then take a short one. Why? On last move short, Sellers was as strong as first time, And I don’t see a clear signal to go Long on 1440min Chart.

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