AUD/USD - Updated Chart: Short
As per my previous chart:
1) We've finally broken our short term trend line with 3 bearish soldiers showing strong continuation.
2) We've also failed to adequately clear the resistance zone and have formed a nice double top.
3) EMA/MA crossover to the downside which in alignment with daily and weekly MA/EMA.
4) On the daily, today looks like it's going to close with a huge bearish engulfing candle taking our the last 3 days of bullish price action - this has formed into an evening star.
Looking for a nice move to the downside for around 200+ pips.
1) We've finally broken our short term trend line with 3 bearish soldiers showing strong continuation.
2) We've also failed to adequately clear the resistance zone and have formed a nice double top.
3) EMA/MA crossover to the downside which in alignment with daily and weekly MA/EMA.
4) On the daily, today looks like it's going to close with a huge bearish engulfing candle taking our the last 3 days of bullish price action - this has formed into an evening star.
Looking for a nice move to the downside for around 200+ pips.
Trade closed: stop reached