London Session Watch AUDUSD

FX:AUDUSD   Australian Dollar / U.S. Dollar
AUD/USD formed a false break of the inside bar candlestick pattern and the false break candle itself is pin bar candlestick pattern which adds odds to the short sellers in this market. This bearish candlestick pattern was formed at the tenken-sen and the 10 period moving average as well as near the middle band of the bollinger band . The trend is still bearish as the short term moving averages (10 and 20 period) remain firmly below the long term moving averages (50,100 and 200 period) and the Tenken-sen is well below the Kijun-sen as well. With all the odds in favor of the bears, we could potentially have shorting opportunities in today's London session.


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