Tradeciety

AUDUSD - short setup building up?

Short
Tradeciety Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
3
the Aussie moved into a demand zone and found resistance. Momentum shows a divergence on the RSI. Lower highs indicate a sentiment shift.

The missing link is the confirmed break of the lows. Downside potential - potential cover of previous bullish trend wave; clear path of least resistance.
Comment:
Price still hasn't broken the support line. Not a reversal as of now!
Order cancelled:
No follow-through and no momentum in the market. Taken off the watchlist for now...

I have been trading for 15 years!

> Trend Rider indicator: tradeciety.com/trend-rider-indicator/

> Free weekly trading webinar: www.tradeciety.com/webinar/

> Free blog: www.tradeciety.com/blog
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.