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.
Note
The price has come to the value area, awaiting a bearish impulse.Trade active
Trading: active
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.