AUDUSD H4 Potential short
Updated
Hi
uptrend structure has been invalid (failed to create HH, and created a LL) after price fell on 12/14
Although it is currently back upside parallel
but momentum is not enough like before
and no enough bullish momentum to break through the previous high (except for sudden news, or policies changed)
So predict that when price backtest red block which is resistance range, it will face a bit selling pressure
Entry, SL, TP are given on chart
Can be adjusted according to personal strategy (prevent stop hunt, fake move...)
The above are only personal opinions, not investment advice.
uptrend structure has been invalid (failed to create HH, and created a LL) after price fell on 12/14
Although it is currently back upside parallel
but momentum is not enough like before
and no enough bullish momentum to break through the previous high (except for sudden news, or policies changed)
So predict that when price backtest red block which is resistance range, it will face a bit selling pressure
Entry, SL, TP are given on chart
Can be adjusted according to personal strategy (prevent stop hunt, fake move...)
The above are only personal opinions, not investment advice.
Note
if you did entry,can consider batch TP cuz it's still uptrend for now
and rmb to adjust SL below entry price to protect profit
Trade closed: target reached
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