A Divergence is one of the signs of trend reversal. AUDUSD just formed one. This is a SELL trade with a very tight SL, berely above 20 pips.
GOODLUCK!
GOODLUCK!
Note
As i said earlier about AUDUSD SELL DIVERGENCE, it's a sign that BUYERS are retreating. it's unfortunate that our stop loss was set so tight, but we still have a chance at re-entering.There is currently a 60 pip consolidation on the H4 timeframe between 0.64700 and 0.64120. All we have to do is WAIT for a breakout of that range. A breakout to the downside will expose 0.63100 support level.
GOODLUCK.
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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.