AUDUSD Downtrend
4HR Made a Lower Low & stopped on 4HR support
4HR created a Divergence in minor flow which might signal a pull back
4HR downtrend continues due to divergence on major flow and rejection on slopped wash line (in yellow) that happened last week.
To Short WAIT for pullback of price to pitchfork's upper Edge & retest Daily resistance (Note the frequency of the pitchfork Changed in dotted blue lines) a Hidden Bearish Divergence might be best in order to open a short trade
SL= upper lick of candles once reversal in minor flow is confirmed
TP1= 4H support
TP2= Daily support
May the profits be with you!
4HR created a Divergence in minor flow which might signal a pull back
4HR downtrend continues due to divergence on major flow and rejection on slopped wash line (in yellow) that happened last week.
To Short WAIT for pullback of price to pitchfork's upper Edge & retest Daily resistance (Note the frequency of the pitchfork Changed in dotted blue lines) a Hidden Bearish Divergence might be best in order to open a short trade
SL= upper lick of candles once reversal in minor flow is confirmed
TP1= 4H support
TP2= Daily support
May the profits be with you!
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.