AUD / USD: 4 hour chart - downtrend and correction to 200MA
price below the diagonal daily resistance
Price action - Pin Bar on resistance - negative signal
indicators:
50/200MA: 50 below 200 - a downward trend
DeM and CCI (50): Turn from zone of over-bought market - probably fall
SL: 0.73711
Alternative scenario: If the price crosses over 200MA is possible to see a new bullish momentum.
Jr_Trader_I_Ivanov
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