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FollowMyTrades
Aug 14, 2016 7:30 PM

AUDUSD Short Weekly Short

Australian Dollar/U.S. DollarFXCM

Description

We have had a pin bar rejection from the 100MA which coincides with the descending trend line. Also we have a lower high below the high in April.

The RSI 2 is overbought.

On the daily we see a divergence on the MACD over the last few weeks.

Comments
kluger
hello iam following urtrade ideas i taken short now what happens?
FollowMyTrades
If you look at the chart my trade hasn't triggered yet. I am waiting for a clean break below last week's low.

Never follow a trade you don't understand. You will only lose money!



FollowMyTrades
Also, price closed below the 500ma on the daily.
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