AUD/USD - Further Downside Expected
Chart: 1 Hour Time Frame
Market: Bearish
1. Price rejecting 50 ema on the 1 hour chart
2. Bearish Engulfing candlestick pattern
3. Overall trend is bearish on 1 hour, 4 hour and daily chart
4. Price decelerates @ 50 EMA - adding weight to a short bias
Market: Bearish
1. Price rejecting 50 ema on the 1 hour chart
2. Bearish Engulfing candlestick pattern
3. Overall trend is bearish on 1 hour, 4 hour and daily chart
4. Price decelerates @ 50 EMA - adding weight to a short bias