AUDUSD - sell on 4H after fakeout
Market price is in up trend since middle of October and reached strong trend resistance line and closed above it on 4H after breakout. We can expect another up movement within next 6-8 hours which brings the market to the drawn sell area. Market should stop up movement and switch to sideways movement at this price area to make this idea valid.
This is the sell signal we wait for to enter the market with short order.
Indicator Analysis
-regular RSI line seems to move back into triangle formation which indicates further price up movement if the RSI line close above pointed trend line
-MACD baselines going to cross bullish which brings buyers into the market within short term
This is the sell signal we wait for to enter the market with short order.
Indicator Analysis
-regular RSI line seems to move back into triangle formation which indicates further price up movement if the RSI line close above pointed trend line
-MACD baselines going to cross bullish which brings buyers into the market within short term
Order cancelled:
Market doesnt reached the sell area
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
