AUD/USD:SELL From BAT Pattern Bearish RSI+Stoch. SHORT Setup

31 ott 2022

AUD/USD is in a strong downtrend, in the last session the price created a Bearish BAT Pattern and as you can see, where the price reacted with a row of red candles today, looking at the chart, we can see the price again under the 100 Moving average with the RSI Turned Bearish and the stochastic in overbought ready for a new push down. Our Idea is about a new bearish impulse in the direction of the main trend. The Alternative scenario will come if the price goes over the last swing high at 0.6547 which it is placed as the stop loss of our idea.

31 ott 2022

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