AUDUSD 4H Back in Range Box

There maybe a possible range top breakout failure happening. If so I have a sell stop @ .8045 with a TP at the 50 sma. If a bearish continuation trend progresses price will brak below the 100 sma. I have another sell stop @ .7940 with the TP at the bottom of the range box @ .7805. Watch for the Macd Blue line to cross below the Red line and the 0 level line.

Commentaire:

My sell stop @ .8045 has been hit.