Hi guys,
Here we are looking at the AUDUSD Daily LINE chart. Using a line chart we can see clearly the RSI divergence i plan to talk about today, and it gives us good confirmation that price should be heading down.
Price is making a higher high, but RSI is making lower lows. A simple berish divergence in price. Sencondly, price as touch the trend channel and a short will be good to take.
2 simple confluence supporting a huge trade this week. Please look for price action for good entry signals on your own. My take is that price will reject the trend channel resistance, adding on with berish RSI.
Thank you and trade safe.
Here we are looking at the AUDUSD Daily LINE chart. Using a line chart we can see clearly the RSI divergence i plan to talk about today, and it gives us good confirmation that price should be heading down.
Price is making a higher high, but RSI is making lower lows. A simple berish divergence in price. Sencondly, price as touch the trend channel and a short will be good to take.
2 simple confluence supporting a huge trade this week. Please look for price action for good entry signals on your own. My take is that price will reject the trend channel resistance, adding on with berish RSI.
Thank you and trade safe.