AUDCHF Bearish Divergence, Trend Resistance, Inter-trend Support
AUDCHF has formed bearish divergence on the 4H RSI near it's descending trend resistance (yellow line).
I'm looking for a trend support break below September 22nd's daily low to enter a short position.
My TP will be at 0.71705 as shown with SL just above the local high and a bit more than 2x the current 4H ATR.
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I'm looking for a trend support break below September 22nd's daily low to enter a short position.
My TP will be at 0.71705 as shown with SL just above the local high and a bit more than 2x the current 4H ATR.
Subscribe to my trading system focused on long term, stable account growth on Myfxbook to automatically copy my trades into your portfolio www.myfxbook.com/mem...de/pipsqueak/1583597
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