AUDUSD - Short Opportunity

AUDUSD is currently bearish on the 4H and we can expect it to fall further as the current consolidation zone does not seem to be strong enough.

Place your SL anywhere near the last high and short until the trend shows strong support and reversal.

Trade safe.

Commento:

Simply a high test for a push further down.

If prices hold high and can't go back down, then we should be alerted.

Ordine annullato

Commento:

Again, the signals I post does not mean you must catch them directly. It's simply a forecast of what we can expect to happen next given the confirmation (High tests). In this pair, the first high test looked good but it wasn't yet time to short it. As we can see, on the next candles, prices weren't able to hold down, thus canceling the move.