1 HOUR Time Frame SHORT ON AUDUSD
The general trend in the daily time frame is a downtrend. But the most recent price momentum has been an uptrend still in the daily timeframe. That uptrend may be price retracing then resuming the general downtrend. In the 1 HOUR chart, a rising wedge has formed and price has broken off the lower trend line. Meaning price will go lower.
For more confirmation, we have to wait for price to break and close below ZONE 1.
Open to any other ideas.
For more confirmation, we have to wait for price to break and close below ZONE 1.
Open to any other ideas.