Good afternoon everyone! Today I will give you a trading opportunity for AUDUSD pair. There is a hidden bearish divergence forming, which can be a good signal to go short
Good afternoon everyone! Today I will give you a trading opportunity for AUDUSD pair. Check this out:
The picture above is the AUDUSD pair on 4H chart. The price has been moving upward for the last couple days and move above the 200EMA line. The Stochastic is making a higher high but at the same time the price is making a lower high. You can see it is a clear hidden bearish divergence. We are looking to sell this pair.
- Position: SELL below 0.7170
- SL & PT: SL around 0.7230 and PT around 0.710
And don’t forget, always use proper risk management. Happy trading!
RICO FY