Parallel descending channel. Tensions between Australia and China over the coronavirus will affect AUD badly since Australia heavily relies on China for its own economy. Confluence is seen across all AUD pairs. TP to the historical low.
Note
Weekly showing channel and beautiful candlestick to signal short:Monthly showing S/R level:
Strong candles on 4H:
Trade active
Sell stop from a few days ago is now activeTrade closed: stop reached
-1%.
Related publications
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.
Related publications
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.