AUDUSD: Higher Sell Opportunity.
AUDUSD has been trading within a 1W Channel Down (RSI = 43.151, MACD = -0.007, Highs/Lows = -0.0005) for the whole 2019 and at the moment it is testing the MA50. Last time (June 10) this was enough to reject the price, but the norm is to test the higher MA200 for rejection on a progressive sequence of previous Lower High + 11 days.
This makes us expect an extension of the current 4H bullish leg towards the MA200 only for a new rejection to take place. Our TP is 0.68000.
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This makes us expect an extension of the current 4H bullish leg towards the MA200 only for a new rejection to take place. Our TP is 0.68000.
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Comments and likes are greatly appreciated.
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Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial