AUDUSD SHORT TRADE - D1 TIMEFRAME.
Updated
OPPORTUNITY FOR A SELL TRADE ON AUSDUSD D1 CHART.
OVERALL TREND HAS BEEN BEARISH.
MARKET STRUCTURE LEVELS HAS BEEN INDICATED WITH THE GREEN DOTTED LINES.
NEXT MAJOR SUPPORT AT 0.73000 AND EXPECTING A REJECTING OF THAT PRICE LEVEL.
LOOK FOR A SELL OPPORTUNITY BETWEEN 0.72900 & 0.73200. PLACE TWO ORDERS:
ENTRY ZONE = BETWEEN 0.72900 & 0.73200.
SL = 0.73400
TP1 = 0.71750
TP2 = 0.70700
***TRADE AT YOUR OWN DISCRETION AND DO YOUR OWN ANALYSIS BEFORE ENTERING THE MARKET***
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
OVERALL TREND HAS BEEN BEARISH.
MARKET STRUCTURE LEVELS HAS BEEN INDICATED WITH THE GREEN DOTTED LINES.
NEXT MAJOR SUPPORT AT 0.73000 AND EXPECTING A REJECTING OF THAT PRICE LEVEL.
LOOK FOR A SELL OPPORTUNITY BETWEEN 0.72900 & 0.73200. PLACE TWO ORDERS:
ENTRY ZONE = BETWEEN 0.72900 & 0.73200.
SL = 0.73400
TP1 = 0.71750
TP2 = 0.70700
***TRADE AT YOUR OWN DISCRETION AND DO YOUR OWN ANALYSIS BEFORE ENTERING THE MARKET***
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Note
Added an update:Note
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