Bearish Engulfing on AUD/USD

Bearish Engulfing на AUD/USD

Near the key offer area of 0.74750-0.75000, a classic formation of the Price Action – Bearish Engulfing (H4 timeframe) – was formed. This pattern signals the development of the bearish sentiment. The AUD/USD quotations test 50 MA and 200 MA, which act as a strong dynamic resistance.

If the price fixes below the 0.74400 mark, we recommend considering selling. The immediate goal for profit fixing is the round level of 0.74000. In the medium term, the currency may reach the support level of 0.73500. Confirmations and entry points to the market are better to look on smaller timeframes.

by JustForex, 2017.05.31

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

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