Bearish Flag Pattern on AUDUSD 4h Timeframe Short

Australian Dollar/U.S. DollarFXCM

Description

⋅ Jul 27, 2022 8:46 AM

Hello Traders this is my analysis on AUDUSD
The Pair is currently at a trendline resistance on a 4H time frame
its also creating a bearish flag pennant on 4 hours timeframe
for confirmation, The RSI and CCI are both overbought

So I am expecting a bearish movement on AUDUSD

whats your thought

trade with care and proper risk management

Comments

JoeChampion

⋅ Jul 27, 2022 11:43 AM

Looks an excellent bear flag

Adhemola

⋅ Jul 31, 2022 12:06 PM

@JoeChampion, thanks