AUDUSD Break of ascending channel

Hello, here we have a possible short setup on the pair. As we can see that the ascending channel is broken and has been successfully retested, i still believe that there will be a longer consolidation on the pair considering the daily is far from overbought conditions and the 4 hour is rising as well and not in the overbought zone.

Commentaire:

Reversal pattern with divergence

Daily close to being overbought

Commentaire:

Commentaire:

Daily and 4 hour overbought along with having divergences. Also reversal pattern formed. Can be a very good selling opportunity

Trade fermée: cible de profit atteinte:

All targets hit