Long way down AUD

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = AUD: 60min Chart (Posted Below)

Well after early signs in the day of whether we were seeing a false BOB, price actually finished below yesterdays low. It still has a little way to go before we would be triggered into the sale at 0.78772.

On dropping to the 60min chart for a better day by day view of activity, we see that having broken our trading channel support, price headed back to be met by resistance of the trading channel and the VI. We have to drop further before our entry so do we have any confluence of events.

On MACD the signal line has crossed under and stochastics are in OS ???

Please do your own analysis before placing a trade.

















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst

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