harisonhbn9718

AUD break doen the trend up: Short Signal to Sell

Short
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
In this technical analysis , in H1 tiemframe we see that AUD is break down the trend line in H1 timeframe, that mean a short position, because using the price action say us to sell AUD

Also, if you check in H4 timeframe, I bring you this beutiful draw that I show youu here:


This can be to formed a double top , or included tripple top.

So, that position is so interesting to find down 250 pips in some days, because if you see the momentum structure we are in the higher equal higher previosly, and taht mean a possible change of trend, in that case is microtrend.


And overview in Daily we are in this chartist pattern, is a bearish rising wedge . So, that mean a possible drop of the price, so possible or included to continue into it following the red mark that I add.4

I add 0.02 lots in this par, because it's seem so interesting the position in short.

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