Engr.FX
Short

AUDUSD SHORT IDEA

FX:AUDUSD   Australian Dollar/U.S. Dollar
26 0 0
formation showing is a rising wedge both on daily and weekly. Weekly RSI support about to be tested if broken confirmed breakdown. Hoping for a bounce scenario to the weekly upper wedge line for a better RR short position. If no bounce short position will be opened upon break of wedge lines. Bounce scenario based on intraday divergences --> 5 mins and 30mins forming lower lows but rsi relatively flat, 15min lower low with rising rsi , hourly flat rsi with lower lows.

Caveat I'm just a newbie documenting trades for my learnings.....
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