SHORT trade analysis on AUDUSD.
Graph is looking bearish after false breakout of upper trendline to lower support structure. Price is about to complete HEAD & SHOULDERS formation and continue falling. On chart is clearly seen Regular Bearish Divergence as well, meaning deeper price fall. Trade idea is also shown on RSI indicator.
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Graph is looking bearish after false breakout of upper trendline to lower support structure. Price is about to complete HEAD & SHOULDERS formation and continue falling. On chart is clearly seen Regular Bearish Divergence as well, meaning deeper price fall. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
