selling bearish violation of a channel

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!

Yorum:

Market is going down

Yorum:

Retest of the high