price broke our symmetrical triangle in red upward but we didn't buy, as mentioned last week, we can expect price to test our red zone before going downward to get more liquidity, but we are interested in selling this pair as price is sitting around a strong resistance zone.
AUDUSD is approaching our red rejection zone from Daily timeframe so we will be looking for objective sell setups.
on M30: price formed an objective head and shoulders pattern, so we are waiting for a momentum candle close below our neckline to sell.
we also have divergence on MACD adding more confluence to our setup.
AUDUSD is approaching our red rejection zone from Daily timeframe so we will be looking for objective sell setups.
on M30: price formed an objective head and shoulders pattern, so we are waiting for a momentum candle close below our neckline to sell.
we also have divergence on MACD adding more confluence to our setup.
This analysis is done using RichTL
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www.RichTL.com
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www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal