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OmniFX_
Oct 5, 2020 3:13 PM

Potential short trade AUDUSD 4HR Short

Australian Dollar/U.S. DollarFXCM

Description

Potentially Bearish Divergence @ the 200 Moving Average. Price had previous completed a 3 wave correction followed by an impulsive move up with a small pull back, in which the impulsive move could continue up and find resistance at the 200 Moving Average along with a potential supply zone @ 0.72354/0.72226.

Alerts set @ 0.72265

Still Bullish for the mean time

Watch and Wait

Bear Trader.
Comments
OmniFX_
Analysis negated. Seems as if AUDUSD decided to turn early than i expected.
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