AUD READY FOR REVERSAL???
what do we see in this pair? very interesting price can make a correction before going down as of right now we will see how it reacts to support and the major daily trend line
so far our confirmations
* M pattern
* big bearish momentum candle
* stochastic cross over on daily time frame
ACTIONS WE TAKE
wait for the market to make its decisions and play out if we see more bearish momentum breaks to the down side ill be shorting if it makes a HH ill be going long
so far our confirmations
- bearish divergence
* M pattern
* big bearish momentum candle
* stochastic cross over on daily time frame
ACTIONS WE TAKE
wait for the market to make its decisions and play out if we see more bearish momentum breaks to the down side ill be shorting if it makes a HH ill be going long
Note
* BECAREFUL SHORTING THIS PAIR AS WE SEE REJECTION FROM THE TRENDLINE SUPPORT AND GOLDEN 50% RETRACEMENT ALSO A HEAD FORMATION OF A INVERTED HEAD AND SHOULDER !!
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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.