Hello,
After a short uptrend, AUDUSD reversed with a bearish divergence.
This divergence is corrected now, but the pair gained a bearish momentum. I expect a stronger reversal. (Short time EMA are about to cross)
For this trade we will use the previous high as a stop (if broken, it will mean the uptrend continues).
SELL : Now
BUY : Blue zone (0.695 level)
STOP : 0.716
Risk/reward : 3
Trade safe, manage your risks.
After a short uptrend, AUDUSD reversed with a bearish divergence.
This divergence is corrected now, but the pair gained a bearish momentum. I expect a stronger reversal. (Short time EMA are about to cross)
For this trade we will use the previous high as a stop (if broken, it will mean the uptrend continues).
SELL : Now
BUY : Blue zone (0.695 level)
STOP : 0.716
Risk/reward : 3
Trade safe, manage your risks.
Trade active
Note
Next big steps are : - Breaking 0.71 level
- Breaking 0.705
Trade closed: stop reached
Weak USD :)Trade active
Bulls are exhaustedOrder cancelled
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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.