AUDUSD - low risk down trend trade
Bear flag (YELLOW) to Fib, Price & 50 EMA resistance. Excellent short position opportunity. Low risk.
Bear flag breaks and LONG uptrend right below it (BLUE) doesn't hold and at a minimum we have a wave C down to 0.7563 then possibly 0.7413 if this is a 5 wave structure move.
Bear flag breaks and LONG uptrend right below it (BLUE) doesn't hold and at a minimum we have a wave C down to 0.7563 then possibly 0.7413 if this is a 5 wave structure move.
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.
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.