AUD/USD scenarios

15 באפר׳ 2019

AUDUSD has finally reached the daily descending trendline and formed a normal bearish divergence on the H4 timeframe. If the price bounces from the trendline and falls under the last low on H4, a short position may be opened in an aggresive manner or, if your trading style is on the conservative side, a short position may be opened after the prices finishes a corrective movement and forms a hidden bearish divergence. In case the price climb higher, long positions may be opened after the price makes a corrective movement regressing back to the ascending trendline on the H4 timeframe while forming a hidden bullish divergence in regards to the last low.