Not financial advice. I’m not a financial advisor. I’m learning to trade. Learn to trade!
AUDUSD looks like it could go even lower. We’ve got confirmation of hidden bearish divergence played out by last weeks shooting star/reversal candle that retested former support.
This is a more risky play but weekly chart so not so conservative with your stoploss. We are sitting on the weekly 10 sma and on the daily 50ema. Also hidden bearish divergence was confirmed and played out on the daily with the 23rd October drop so possibility of a reaction to the upside is always there so follow any breakdown with a tight trailing stoploss. Looking for a break of .68050 as confirmation of continuation of trend
AUDUSD looks like it could go even lower. We’ve got confirmation of hidden bearish divergence played out by last weeks shooting star/reversal candle that retested former support.
This is a more risky play but weekly chart so not so conservative with your stoploss. We are sitting on the weekly 10 sma and on the daily 50ema. Also hidden bearish divergence was confirmed and played out on the daily with the 23rd October drop so possibility of a reaction to the upside is always there so follow any breakdown with a tight trailing stoploss. Looking for a break of .68050 as confirmation of continuation of trend
