AUDUSD 1h Structure and Fibs
A potential short entry at market.
Price action has reached a zone where 2 Fibonacci retracements are located. We have some structure in the orange box looking left. There is also bearish divergence on the RSI with overbought condition.
Maybe we can wait for a double top for more confirmation.....
Price action has reached a zone where 2 Fibonacci retracements are located. We have some structure in the orange box looking left. There is also bearish divergence on the RSI with overbought condition.
Maybe we can wait for a double top for more confirmation.....
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.