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HOPE0111

Possible Down Trend Continuation

Singkat
Dolar Australia / Dolar A.S. (FX:AUDUSD)  
HOPE0111 Telah dikemas kini   
FX:AUDUSD   Dolar Australia / Dolar A.S.
Trend Analysis
8
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trendanalysis
As we all know, D1 is creating a rising wedge pattern and broke the support trend line last Friday. On the H4, it proves that it is indeed a bearish signal as the price broke the D1 trend line and the 50 EMA creating ourselves a time frame confluence and that our bearish bias is approved.

For our entry, on the H1, I saw a hidden bearish divergence indicating a possible trend continuation on the downside.

3 time frame confluence and a hidden divergence for our entry. Making this a high probability trade for SHORT.

Risk Reward is highly subjective.

Disclaimer: All strategies are not 100% accurate. TRADE AT YOUR OWN RISK!
Komen:
The price seems to go for a retest on D1's resistance level, if the price indeed will go there, we will re-enter our short position.

SL would be at 0.645555
Komen:
Penafian

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