selling bearish violation of a channel

23. Jan. 2019

hey traders,

on audusd pair we have a nice opportunity to sell the violation of a rising channel is a bearish trend.

79 is a decent level and we see a clear market rejection 2 times.
after the second attempt, we see a bearish violation of a channel.
in conjunction with rsi divergence, such market sentiment leaves us a clear clue that the sentiment is changing.

I will be selling the retest of a rising channel with my first target around 77.3.

stop will be above 79.5

good luck!

24. Jan. 2019

Anmerkung

Market is going down

26. Jan. 2019

Anmerkung

Retest of the high