- AUDUSD has declined after RSI is above 70
- Main trend is still up, RSI is higher than 50
- Currently AUDUSD is located at the Fibonacci Retracements 61.8 (0.75095) area.
- Wait for the downtrend (possibly) to Sell
- Sell Stop 0.74459
SL: 0.75164
TP1: 0.74187
TP2: 0.73631
Note
- AUDUSD (H4) has not reached the entry point.- A new week will begin with a changing market sentiment.
- Cancel Sell Stop order with AUDUSD.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.