AUDUSD

8 בפבר׳ 2021

Short trade we have entered on retest of previous structure. We are still trading in a descending channel and we are wary this structure could be forming a bull flag on higher time frames. However, the DXY is still looking strong for the day and we could see a sell off after the lag of the EMA death cross. Targeting previous lows and a potential strong buy level.