Potential AUDUSD Short
So I know there are a lot of people jumping on the bandwagon for AUDUSD Shorts but as you can see that Aussie broke below the daily/4 hourly triangle and is retesting. This is also confluent with important fib levels.
As you can also see there is RSI Divergence on the 4 hour chart. This is used additional confluence.
I would have stops above 0.7250 and targets at around 0.6900
There is a nice risk reward profile for this trade setup.
Remember this is just my outlook on things!
Happy trading!
As you can also see there is RSI Divergence on the 4 hour chart. This is used additional confluence.
I would have stops above 0.7250 and targets at around 0.6900
There is a nice risk reward profile for this trade setup.
Remember this is just my outlook on things!
Happy trading!
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.
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.