AUD/USD showing promising signs to our original target at 0.6500
AUDUSD as previously mentioned. Formed a Rising Flag (broke below)
At the time the indicators were all mixed but now we have stronger signs that the price wants to come down.
21 >7 - Bearish
RSI < 50 - Bearish
Target 0.6500
CONCERNS:
The worry is that the price is still flirting with the 200MA and the environment is still Green (Bull trend). Once price breaks below, it will all be a higher chance of the price continuing to plummet.
At the time the indicators were all mixed but now we have stronger signs that the price wants to come down.
21 >7 - Bearish
RSI < 50 - Bearish
Target 0.6500
CONCERNS:
The worry is that the price is still flirting with the 200MA and the environment is still Green (Bull trend). Once price breaks below, it will all be a higher chance of the price continuing to plummet.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.