AUD/USD - Further Downside Expected
Chart: 1 Hour Time Frame
Market: Bearish
1. Price rejecting 50 ema on the 1 hour chart
2. Bearish Engulfing candlestick pattern
3. Overall trend is bearish on 1 hour, 4 hour and daily chart
4. Price decelerates @ 50 EMA - adding weight to a short bias
Market: Bearish
1. Price rejecting 50 ema on the 1 hour chart
2. Bearish Engulfing candlestick pattern
3. Overall trend is bearish on 1 hour, 4 hour and daily chart
4. Price decelerates @ 50 EMA - adding weight to a short bias
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.