AUDUSD: Structure is a King
Hello Traders!
I see a very nice selling opportunity on #AUDUSD. As we see on the chart we have a very strong key structure level @0.7161 which was broken recently and price has formed a flag pattern. Now what I am waiting for is the retest of this key level to sell, or breakout of the flag to sell.
Besides dont miss the rounding top formation which is one more confluence of bear market.
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Avto_T
Financial Analyst
rcpforex.com
I see a very nice selling opportunity on #AUDUSD. As we see on the chart we have a very strong key structure level @0.7161 which was broken recently and price has formed a flag pattern. Now what I am waiting for is the retest of this key level to sell, or breakout of the flag to sell.
Besides dont miss the rounding top formation which is one more confluence of bear market.
--
Avto_T
Financial Analyst
rcpforex.com
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