Categories: Forex Education

Sell the break of the trend line in AUDUSD

Pair is forming hidden bearish divergence as seen on the H1 chart. It has also created bearish divergence so the plan as for now is to look for sell opportunities. Dropping down to the M30 chart reveals a great bullish trend line. Once this trend line gets broken along with the most recent support zone we can go ahead and short this pair aiming 0.73 as our final target

Technical Analysis:
H1 – Bearish Convergence, Bearish Hidden Divergence, Fibonacci resistance

Entry:
M30 – Look for a break below the trend line along with the most recent support zone to go short.
Target 1: 0.7355
Target 2: 0.7300
Stop Loss: above last high created

Unfortunately there will be no video explanation of the trade setup today.

Yours,
Vlad

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.