Hey traders,
After scaling into 2 long AUDUSD positions which hit our targets of the blue trend line I now have a short bias.
We now have price action at the same trend line in the form of a bearish pinbar.
Looking at the Higher Time Frame we see that AUDUSD has been in a down trend for quite a long time.
The MACD on the H4 is also about to have a bearish cross.
Risk to reward on this trade is 2, but might be able to let this trade run for much larger.
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: instagram.com/jaylen.forex/
Website: forexshinobi.com
Tiktok: Forexshinobi
ForexShinobi
After scaling into 2 long AUDUSD positions which hit our targets of the blue trend line I now have a short bias.
We now have price action at the same trend line in the form of a bearish pinbar.
Looking at the Higher Time Frame we see that AUDUSD has been in a down trend for quite a long time.
The MACD on the H4 is also about to have a bearish cross.
Risk to reward on this trade is 2, but might be able to let this trade run for much larger.
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: instagram.com/jaylen.forex/
Website: forexshinobi.com
Tiktok: Forexshinobi
ForexShinobi
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Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.