AUD/USD - Bearish Flag Short

Australian Dollar/U.S. DollarFXCM

Description

⋅ Aug 8, 2021 4:48 PM

Bearish flag forming on AUD/USD.

Will likely see a continuation of bearish momentum if we see price break below support at 0.7350 level.

Entry conditions:
Bearish confluence among RVI and MACD.
Break out and retest of support

Comments

AlkalineFX

⋅ Aug 9, 2021 5:44 PM

Clean charting, thanks for sharing.