My Idea for the AUDUSD short
The RSI shows the current price is high indicating a imminent sell off, and the MACD has shown a cross over. I think this will now move the lower side of this bearish channel.
MY Entry 0.7726400
SL: 0.77613
TP: 0.75306
The RSI shows the current price is high indicating a imminent sell off, and the MACD has shown a cross over. I think this will now move the lower side of this bearish channel.
MY Entry 0.7726400
SL: 0.77613
TP: 0.75306
Comment:
The price has moved closer to the resistance, If a candle in the 1H closes above the resistance then I will SL. However the last 2 candles showed a good amount of rejection showing selling pressure coming in.