AUDUSD: The market has hold below 0.7730 at key resistance level for a week and it is showing to bearish bias market. There is a pin bar appears as well as inside bar or coiline inside bars and If it is going to break to downside, it is a good signal to sell.
Reasons for Bearish Market:
Downtrend bais
Market completed Bearish Cypher Pattern
Key signal at D point (explained above)
Pin bar touches EMA 50 and headed down
Stoch RSI heading down (over bought)
Market Plan:
Entry: 0.76600
SL : 0.79000
TP: 0. 75800
Have a good day.
Reasons for Bearish Market:
Downtrend bais
Market completed Bearish Cypher Pattern
Key signal at D point (explained above)
Pin bar touches EMA 50 and headed down
Stoch RSI heading down (over bought)
Market Plan:
Entry: 0.76600
SL : 0.79000
TP: 0. 75800
Have a good day.