Parallel descending channel. Tensions between Australia and China over the coronavirus will affect AUD badly since Australia heavily relies on China for its own economy. Confluence is seen across all AUD pairs. TP to the historical low.
Comment:
Weekly showing channel and beautiful candlestick to signal short:
Monthly showing S/R level:
Strong candles on 4H:
Trade active:
Sell stop from a few days ago is now active
Trade closed: stop reached:
-1%.
