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AUD / USD: Opportunities for short positions

AUD / USD: 4 hour chart – Flags formation

Price below diagonal resistance and 200MA

Price action: pin bar of resistance – a negative signal

indicators:

50 / 200MA: 50 under 200 – a negative trend

CCI (50) rotated by zone of over bought market – probably fall

SL 0.75266

Sentiment: Expectation from Fed to rise interest rates on December 14th should support the dollar and will have negative impact on risk appetite.

Alternative scenario: If the price crosses over 200MA, it will spoil the negative formation

Jr_Trader_I_Ivanov


 Varchev Traders


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