May as well grab some pips here with the bearish divergence on the hourly. Even if it’s just like 50% ish retracement. Trend might be overall bullish... only time will tell 🙃
Hey guys,
There is price action bear divergence pattern relative to the stochastics which are moving lower. Other than that sell signal, there is a clear double bar reversal happening at the 3rd quarter of this wedge meaning at any time there will be a break out. A break out below the 20 period MA and support trend line will be desirable for AUD bulls looking for...
Guys,
There is not rocket science or some AI stuff. There is an inverted hammer after last week candlestick closed, a stochastics sell signal and all importantly, a bear divergence meaning the recent above average bull volume was the final push and the consequent bull candlestick were driven by hot air.
As price action is testing 1.5, an important psychological...
