AUD/USD: Daily Graph: Trend short, short term correction
FIBO level of correction38.2% of the short trend
price action: Spinning Tops, negative signal
Engulfing bar - signal for sell
Fake break above 0.7678, price fell below the pin bar
Divergence: Price /indicator for short
50% correction of the short term short and new price action signal for another short
Indicators:
CCI(50) moves below 100
Divergence: Price is making higher high, DeM lower low below 0.7
RSI Divergence
SL: 0.7652
Alternate scenario:
Only higher high will cancel the negative formation
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