AUD/USD:SELL From BAT Pattern + DIV Stoch RSI for SHORT Setup

2 Nov 2022

Today All the news about the USD and especially The FOMC will impact also the AUD/USD which currently is in a strong downtrend, in the last session the price created a Bearish BAT Pattern, and as you can see, where the price reacted with a row of red candles today, looking at the chart, we can see the price is trying to recover some value but as you can see the RSI is Turned Bearish and the stochastic in overbought ready for a new push down. Our Idea is about a new bearish impulse in the direction of the main trend. The Alternative scenario will come if the price goes over the last swing high at 0.6547 which it is placed as the stop loss of our idea.

2 Nov 2022

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