AUDUSD4 Hour Chart formed a pin bar at 200 MA (0.7381)
That Area is also a Short Term Uptrend Line
Now, a Bearish Confirmation may be formed in the coming 4 hours
Representing a rejection from uptrend line and 61.8% Fibo
Hourly Chart, 10 & 20 EMA First Time Death Crossover in this Rebound
Possible Head & Shoulder Formation too
Entry @ 0.7445
SL @ 0.7485
TP1 @ 0.7300
TP2 @ 0.7210
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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.