AUD/USD reversing
Uptrend is collapsing and may soon turn into a downtrend. Price bounced @ primary downtrend resistance line and pierced hagopian line (pink). Wait for the correction, ideally to 0.8745 with a slight downward bounce, and go short. Stoch must be preparing to go down, preferably on both 1m and 5m charts. My potential entry point in the green circle.
Good luck.
~1 hour
***for some reason, my primary downtrend resistance line did not appear in the published chart. Sorry for that.
Good luck.
~1 hour
***for some reason, my primary downtrend resistance line did not appear in the published chart. Sorry for that.
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.