Tradeciety
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AUDUSD - short setup building up?

FX:AUDUSD   澳元/美元
114 3 3
the Aussie moved into a demand zone and found resistance. Momentum shows a divergence on the RSI . Lower highs indicate a sentiment shift.

The missing link is the confirmed break of the lows. Downside potential - potential cover of previous bullish trend wave; clear path of least resistance.
评论: Price still hasn't broken the support line. Not a reversal as of now!
订单已取消: No follow-through and no momentum in the market. Taken off the watchlist for now...
I am trading Forex for 12 years and 6 years ago I quit my corporate job to travel the world


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So it still happened after all. Not the best example, but highlights the top down approach and how to trade divergences...
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Still waiting for line break :)
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Tradeciety NikitaSorokin
Yes. this setup does not look convincing right now.
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