AUD/USD Short Position(H&S DETECTED!)
Hello Traders
Last week after Powell's Speech and due to market speculation, USD got strength.
So why Short AUD/USD:
1- Right now, Sentiment around the USD is bullish.
2- Price is moving inside of a big descending channel.
3- Also price made a Lower high which indicates a bearish trendline.
4- Possible Head and Shoulder pattern detected.
If you like it then Support us by Like, Following and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Last week after Powell's Speech and due to market speculation, USD got strength.
So why Short AUD/USD:
1- Right now, Sentiment around the USD is bullish.
2- Price is moving inside of a big descending channel.
3- Also price made a Lower high which indicates a bearish trendline.
4- Possible Head and Shoulder pattern detected.
If you like it then Support us by Like, Following and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)