AUDUSD
4 Hour Chart formed a pin bar at 200 MA (0.7381)
That Area is also a Short Term Uptrend Line
Now, a Bearish Confirmation may be formed in the coming 4 hours
Representing a rejection from uptrend line and 61.8% Fibo
Hourly Chart, 10 & 20 EMA First Time Death Crossover in this Rebound
Possible Head & Shoulder Formation too
Entry @ 0.7445
SL @ 0.7485
TP1 @ 0.7300
TP2 @ 0.7210
4 Hour Chart formed a pin bar at 200 MA (0.7381)
That Area is also a Short Term Uptrend Line
Now, a Bearish Confirmation may be formed in the coming 4 hours
Representing a rejection from uptrend line and 61.8% Fibo
Hourly Chart, 10 & 20 EMA First Time Death Crossover in this Rebound
Possible Head & Shoulder Formation too
Entry @ 0.7445
SL @ 0.7485
TP1 @ 0.7300
TP2 @ 0.7210