AUDUSD: The market has hold below 0.7730 at key resistance level for a week and it is showing to bearish bias market. There is a pin bar appears as well as inside bar or coiline inside bars and If it is going to break to downside, it is a good signal to sell.
Reasons for Bearish Market:
Downtrend bais
Market completed Bearish Cypher Pattern
Key signal at D point (explained above)
Pin bar touches EMA 50 and headed down
Stoch RSI heading down (over bought)
Market Plan:
Entry: 0.76600
SL : 0.79000
TP: 0. 75800
Have a good day.
Reasons for Bearish Market:
Downtrend bais
Market completed Bearish Cypher Pattern
Key signal at D point (explained above)
Pin bar touches EMA 50 and headed down
Stoch RSI heading down (over bought)
Market Plan:
Entry: 0.76600
SL : 0.79000
TP: 0. 75800
Have a good day.
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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.
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.