AUD/USD - breaking out or coming back to support ?
market price is near several important resistance areas and we could see a tripple top which is strong bearish signal. Let´s try to short this market with tight stop loss in case of a breakout which will bring the market to 1.65 area.
-market price reached several stronger middle term resistance trend lines
-RSI baseline is near resistance trend line and showing a bearish divergence (market price goes up but the RSI down)
-market price reached upper side of Bollinger bands and Bollinger bands stopped up movement which is bearish indicator
stop loss for short order above 1.6385
-market price reached several stronger middle term resistance trend lines
-RSI baseline is near resistance trend line and showing a bearish divergence (market price goes up but the RSI down)
-market price reached upper side of Bollinger bands and Bollinger bands stopped up movement which is bearish indicator
stop loss for short order above 1.6385
Comment:
short trade failed - market turned bullish
Trade active:
long trade active
Trade closed: stop reached:
trailing stop reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
