AkashGaur
Short

AUDUSD Break of ascending channel

FX:AUDUSD   Australian Dollar/U.S. Dollar
209 1 6
Hello, here we have a possible short setup on the pair. As we can see that the ascending channel is broken and has been successfully retested, i still believe that there will be a longer consolidation on the pair considering the daily is far from overbought conditions and the 4 hour is rising as well and not in the overbought zone.
snapshot
Comment:
snapshot

Reversal pattern with divergence
snapshot

Daily close to being overbought
Comment:
snapshot
Comment:
snapshot

Daily and 4 hour overbought along with having divergences. Also reversal pattern formed. Can be a very good selling opportunity
Trade closed: target reached: All targets hit
snapshot


COULD GO UP/DOWN !! depends on price action at trend line, RSI on 4h is oversold....it can make one more up down, before finally pierce through trendlines
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out