After the long wait I'm back publishing my ideas on this great platform!
For this trade we are relying mostly on price action as this pair is known for having a strong correlation to price action rather than indicators.
After the massive Bull run of AUD, we can finally see the sellers coming in at around 85.427. This is a significant area of interest as the price has been largely rejected here before.
I have also identified a Head and Shoulders pattern on the weekly time frame confirming a sell.
I have my Stop loss and Take profit on the chart however I have already placed my Stop loss at break even to make the trade risk free.
I expect a Sell to the support area of 81.877.
*** THIS IS NOT FINANCIAL ADVICE ***
For this trade we are relying mostly on price action as this pair is known for having a strong correlation to price action rather than indicators.
After the massive Bull run of AUD, we can finally see the sellers coming in at around 85.427. This is a significant area of interest as the price has been largely rejected here before.
I have also identified a Head and Shoulders pattern on the weekly time frame confirming a sell.
I have my Stop loss and Take profit on the chart however I have already placed my Stop loss at break even to make the trade risk free.
I expect a Sell to the support area of 81.877.
*** THIS IS NOT FINANCIAL ADVICE ***
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.