Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible
The rally is close to an exhaustion count on the daily chart
Bearish divergence is expected to cap gains
Price action has formed an expanding wedge formation
Bespoke resistance is located at 0.6385
Key Signal Parameters
- Parameter
- Value
- Instrument
- AUDUSD
- Signal Type
- SELL LIMIT
- Timeframe
- 4H
- Entry Point
- 0.63850
- Stop Loss
- 0.64100
- Take Profit 1
- 0.62850
- Take Profit 2
- 0.62600
Signal Breakdown with Key Levels
