AUD Rejecting DOWNTREND LINE (H4)
Updated
Hi traders!
A nice opportunity seems to apear on the AUD chart, meanwhile the price action made a huge correction to the first downtrend line and allready on h4 it made a Bearish Engulfing candddlestick pattern.
We may expect a huge falling of aud even if it fights a lot with the virus.
If you want to be conservative you can wait until 0.63464 is breaked, then enter the sell transaction.
Stop loss have to be above the last high wich is 0.65462.
Be careful at 0.61754 too.
Verry good Risk Reward/ Be careful on your money management!
If your analyse match mine, leave a comment and a like, i really apreciate it.
Remember, don't look for FAT wins because the only thing you will get is FAT !
Stay safe!
A nice opportunity seems to apear on the AUD chart, meanwhile the price action made a huge correction to the first downtrend line and allready on h4 it made a Bearish Engulfing candddlestick pattern.
We may expect a huge falling of aud even if it fights a lot with the virus.
If you want to be conservative you can wait until 0.63464 is breaked, then enter the sell transaction.
Stop loss have to be above the last high wich is 0.65462.
Be careful at 0.61754 too.
Verry good Risk Reward/ Be careful on your money management!
If your analyse match mine, leave a comment and a like, i really apreciate it.
Remember, don't look for FAT wins because the only thing you will get is FAT !
Stay safe!
Note
Rejecting from downtrend line!Note
Look for a candlestick pattern to enter in the short transaction!Note
You can sell now for an agressive way or you can wait for 0.62410 to be breaked, then sell!
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