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tom_mok

AUDUSD Sell Setup

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
tom_mok Mod  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Technical Indicators Chart Patterns AUDUSD structure indonesia patternception necklinetrader
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trendanalysis indicator chartpattern audusd structure indonesia patternception necklinetrader
Price retesting weekly resistance area, then reverses and breaks the trendline.
RSI also shows a bearish divergent.
However, the price is currently testing the support which is the neckline area of the potential head and shoulders pattern.
From this level the price may react by bouncing back.
We can sell when the price is testing the grey area which has the potential to become the right shoulder
Patternception

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