Australian Dollar: Bearish Bat Near the Top of Structure
This bearish bat completes at the top of the daily structure, which is also the PRZ of the larger bearish bat that completed 06/29 and already hit its first target. The RSI is currently in overbought territory -- bearish divergence and a crossing down below the 70 line would be a nice confluence to this trade.
The trend has been bullish so it is important to wait for price action signals before taking action.
The trend has been bullish so it is important to wait for price action signals before taking action.
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