I see this pattern all the time and it sure looks like a short from here to me.
See chart for sharp bull rejection with easy place to put tight stop.
The chart says it all. Trend break, momentum pushes, etc..
Pretty self explanatory. See the chart for divergence, rejections, and waning bull momentum. Lots of reasons to short.
Hitting Resistance accompanied with divergence in multiple time frames. I'd keep a tightish stop on this one.
Lots of reasons to look long til over the 3200 area. We just broke a trendline after a reversal and were showing momentum divergence to the upside.
There are numerous indications that the AUDUSD will drop from here. Divergence, rejections, Pin bars, Lack of bullish conviction. I've been holding a short for a week unfortunately, but I feel that today's price action is the beginning of a downtrend from here. It would be nice to see a retracement of the entire previous bull swing, but even getting down to 7350...
We've seen an initial thrust followed by consolidation. Then we've bounced convincingly, forming higher lows and higher highs. Next week could see a nice rally up towards the 6700 area. All this is negated by a drop below our three support hits, of course. Happy trading!
After a sharp recent rise, I'm seeing multiple indications of selling taking place, possible leading to a move down to the 84 area or lower. Obviously, this is negated by a push upwards towards 89.
Based on strength compared to all other pairs which recently dropped against the dollar. This guy wants to shoot up.
I'm not sure how you could be long this pair, given the recent price action. Looking at possibly getting down to 87, maybe 86. Price will tell.
Helluva pin bar here for what could be a nice long trade up north.
RE test of this break from above. Stop at 3270 should cover it. Fairly low risk.
Trend Break on longer TL and trendily bounce on daily. No brainer long with stop at 1.4615.
Looks like we may have a temporary bottom. Strong Support hits.