Short

selling bearish violation of a channel

Updated

hey traders,

on audusd pair we have a nice opportunity to sell the violation of a rising channel is a bearish trend.

79 is a decent level and we see a clear market rejection 2 times.
after the second attempt, we see a bearish violation of a channel.
in conjunction with rsi divergence, such market sentiment leaves us a clear clue that the sentiment is changing.

I will be selling the retest of a rising channel with my first target around 77.3.

stop will be above 79.5

good luck!

Note

Market is going down

Note

Retest of the high

VasilyTrader

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

💰Instagram: instagram.com/VasilyTrader/ 💰

✅Facebook: facebook.com/VasilyTrading/ ✅

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.