AUDUSD POTENTIAL SHORT OPPORTUNITY
Updated
Hello Everyone!
How are you all?
AudUsd is a pair to watch this week, because it is shaping up very nicely for a trend reversal that we can capitalize on.
So, I will be looking for a short because of the following reasons:
1. The overall trend is bearish
2. Potential Double Tops.
3. The price is approaching the value area.
Game Plan:
If the price comes to the VA - 0.69 price level, and rejects at that level or sweeps the High, and makes a bearish impulse followed by a flag with two highs and lows.
Entry : will look for a risk sell entry within the flag.
How are you all?
AudUsd is a pair to watch this week, because it is shaping up very nicely for a trend reversal that we can capitalize on.
So, I will be looking for a short because of the following reasons:
1. The overall trend is bearish
2. Potential Double Tops.
3. The price is approaching the value area.
Game Plan:
If the price comes to the VA - 0.69 price level, and rejects at that level or sweeps the High, and makes a bearish impulse followed by a flag with two highs and lows.
Entry : will look for a risk sell entry within the flag.
Comment
The price has come to the value area, awaiting a bearish impulse.Trade active
Trading: active
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