soskinnyithurts

AUDUSD short position bearish

Short
FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
- Price has broken below monthly support line (green) down trending.
- Price is overbought on weekly TDI. Price is currently positioned at upper trend line of descending channel forming a lower high to continue its downtrend.
- Price is also showing as over sold on daily.
- 4 hour time frame showing price is currently formed an ascending channel to the lower support line of the monthly time frame (green).

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.