AUD/USD - Bearish trend still alive and well
Bearish sentiment is still strong, as the chart points to multiple signals indicating the trend is likely to continue. Bearish pennant along with a bearish divergence in the RSI point towards the continuation of this trend.
It is advised to wait for confirmation before entering (ie. price action below the previous lowest low)
Trade smart, Trade Safe, and Good Luck!
It is advised to wait for confirmation before entering (ie. price action below the previous lowest low)
Trade smart, Trade Safe, and Good Luck!
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.