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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