FX:AUDUSD   Australian Dollar / U.S. Dollar
As you see in the 1H chart, there is a downtrend which was in the bullish correction phase.

Currently, the ascending trend line has been broken out to the downside and price is falling.

MACD shows a negative regular divergence:
Although price has made a higher high, MACD has made a lower high.

Looking for any pull back in lower time frames (M15 & M5) to enter short.
I expect a fall in price to 0.7460 in the future.
My Telegram Channel:
https://t.me/Tradia_Channel

My Recommended Forex Funding Program:
https://the5ers.com/?ref=5026

Comments

What are the horizontal white lines based on?
+1 Reply
top
Reply
Well done!
Reply
Thanks for sharing
Reply
I agree with your opinion 🦐
Reply
agree with the bearish bias overall here :) thx
Reply
Good job 👍, thanks for sharing 😊
Reply
So far so good, well done!
Reply
Excellent setup, thanks for the heads-up. 🙌
Reply