AUD/USD SHORT
There is potential Short position developing for AUD/USD.
Price created flag formation with 3 touches and ascending channel/wedge at the end of the 3rd touch-reversal signal.
We need confirmation to go short in the form of smaller ascending channel or reversal candle formation: engulfing black, evening star etc back to the ascending channel and close it on 1 h chart. If that will happen I will go short.
Price may go up even higher above the flag to test previous high, so wait patiently for the setup to develop.
Price created flag formation with 3 touches and ascending channel/wedge at the end of the 3rd touch-reversal signal.
We need confirmation to go short in the form of smaller ascending channel or reversal candle formation: engulfing black, evening star etc back to the ascending channel and close it on 1 h chart. If that will happen I will go short.
Price may go up even higher above the flag to test previous high, so wait patiently for the setup to develop.
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.