AUDUSD Short, hidden divergence
Updated
Hello!
i've been following audusd and looking at the charts, painting some fibs on there looking more and more, longer term timeframe..
4h shows a clear short signal, hidden divergence and it can head towards the fib line.
The daily chart has an indicator showing the bottom, so how legit can a 4h chart be? Well, it doens't mean if the daily chart is at the bottom it wont go lower. If you look at the last couple of days it's looking like a down trend. Follow the trend they always said and since it bounced at the 0.5 fib i'm in this trade.
0.72568 is my target for TP.
Idea's or tips tell me!
i've been following audusd and looking at the charts, painting some fibs on there looking more and more, longer term timeframe..
4h shows a clear short signal, hidden divergence and it can head towards the fib line.
The daily chart has an indicator showing the bottom, so how legit can a 4h chart be? Well, it doens't mean if the daily chart is at the bottom it wont go lower. If you look at the last couple of days it's looking like a down trend. Follow the trend they always said and since it bounced at the 0.5 fib i'm in this trade.
0.72568 is my target for TP.
Idea's or tips tell me!
Note
Daily chart showing indicator on bottom, trend is down so i keep following downtrend.
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.