AUDUSD taking a nose dive after hitting Resistance.
After following a downward trend ever since(26 Jan '18. 19:00) where price hit a level of Resistance and formed a Bearish reversal candle. The down-trending market is evident from the LH's and LL's price made ever since (26 Jan '18.19:00)
The SELL signal is derived after price hit the Resistance of the upward trendline in a downward channel and formed another bearish-reversal candle then price preceded to make LH's and LL's.
PREDICTION CONCLUSION:
SL:0.73028
TP:0.70243
RISK/REWARD RATIO:1:65
The SELL signal is derived after price hit the Resistance of the upward trendline in a downward channel and formed another bearish-reversal candle then price preceded to make LH's and LL's.
PREDICTION CONCLUSION:
SL:0.73028
TP:0.70243
RISK/REWARD RATIO:1:65