AUD / USD: 4H graph- downward trend and short-term correction
Fibonacci retracement 50% of short - resistance level
Price action: Pin bar to fall
Lower high - negative signal for a downward trend
Second Pin Bar of current high to decline as the price went below the bottom of the Pin Bar.
RSI went below 50, the moment the price went below 25 EMA
CCI(50) went below 0
SL: over the high 0.7451
In order to get better execution its advisable to wait until levels of the price around 0.7370
Stefan D. Angelov - Head of Stocks Trading
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