A shark is forming

2020년 5월 27일

AUSSIE has broken the resistance 0.6570 strongly yesterday, but the price is still capped under 200 ema in daily timeframe. I personally think that this move over the resistance is fake because there is an overbought condition in Sthocastic in H4 and this kind of signal worked quite well previously.
Then fundamenally USA-CHINA tensions are still dangerous for the pair and we might see a retracement of australian dollar.
Use a good money management.
signal: sell audusd with target 0.6410 and stop loss at 0.6635