Bearish Trend Line on AUDUSD

As we can see on the chart, in a one day time frame, there is a strong bearish trend line that has been tested five times. We recommend to set a short position when the price reaches the trend line in 0.7201 aproximately. In the other hand, with a Pitchfan we can settle a Stop Loss correspondent with the red line as the price goes down, this means that there is not just one Stop Loss level. Also, the Stochastic RSI is almost arriving to an overbought level, in wich the sell position will be confirmed. AUDUSD