AUD / USD: 4 hour chart - a new downtrend
Price on diagonal resistence
Price action: devouring bar - probably fall
indicators:
50/200MA - the price closes below 200MA - a negative signal
DeM - Rotates the area of over-bought market - a possible bearish momentum.
SL: 0.76071
Alternative scenario: If the price pass the diagonal resistance is likely to see renewed increases to levels of resistance.
Jr_Trader_I_Ivanov
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