The AUDUSD has a somewhat comparable structure as the GBPUSD on the 4 hr time frame.
Price moved impulsively and resulted in hidden bearish divergence which we often see after a strong correction.
However this suggest that we only saw a correction and should therefore anticipate a continuation lower. In this case this will indicate Dollar strength to return.
So I'm looking for bearish trades only at the moment for the AUDUSD.
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Price moved impulsively and resulted in hidden bearish divergence which we often see after a strong correction.
However this suggest that we only saw a correction and should therefore anticipate a continuation lower. In this case this will indicate Dollar strength to return.
So I'm looking for bearish trades only at the moment for the AUDUSD.
www.timstuyts.com
facebook/timstuyts/
