Aud$

Hi Again
The Aussie is showing reverse divergence on the four hour chart. This means that there is a high probability that the trend down will restart in the near future. In terms of price action the H4 has made a 2 bar outside reversal and a evening star candle pattern. Both are indicating a short position in line with the 89sma and the stochastic.
I shall be looking for a suitable elegant entry short in this pair from the hourly market action on Monday morning.
Best wishes
David