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nmhung520
Mar 25, 2018 1:36 AM

A down trend for AUD in future Short

Australian Dollar/U.S. DollarFXCM

Description

A bearish flag is forming and nearly complete its pattern. Although AUD price goes up but volumes in histogram on MACD descend showing that a downtrend is coming.
Besides, MACD line is going to cross under signal line. When they cross, a bearish signal will be confirmed.
This post is just to let you know that main trend might be down (waiting for a break down the flag to confirm pattern), so for long term traders, sell orders should be more considered than buy orders.
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