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!
Comment
Market is going downComment
Retest of the high
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