A high score short opportunity on AUDUSD 4H chart

FX:AUDUSD   Australian Dollar / U.S. Dollar
From analysis, there is an ascending channel pattern formed along with bearish RSI divergence. Good indication that the market is running out of steam and bears could take over soon. On top of this, we have a cypher completion aswell. Price has come up to test previous resistance level . We can shoot for the 38.2% retracement for targets and place a stop loss above the X leg of the cypher pattern , which gives close to a 2:1 risk to reward ratio. This seems like a very high score trade. I will be shorting when market opens.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out