AUDUSD - Hanging Man / 2 Bar engulfing on Supply Level - SELL
Updated
Hi traders,
I found a supply level that was hit last week. The price was in a little consolidation.
I waited for a confirmation (candle formation) before entering the trade. The confirmation was a 2 bar engulfing pattern / Hanging Man pattern on the D1 Chart.
This post is a little late, as I forgot to upload the idea after I entered the trade.
You can use it as a supply and demand theorie.
Always remember to trade with proper money management.
I recommend a maximum risk of 2%.
I found a supply level that was hit last week. The price was in a little consolidation.
I waited for a confirmation (candle formation) before entering the trade. The confirmation was a 2 bar engulfing pattern / Hanging Man pattern on the D1 Chart.
This post is a little late, as I forgot to upload the idea after I entered the trade.
You can use it as a supply and demand theorie.
Always remember to trade with proper money management.
I recommend a maximum risk of 2%.
Trade closed: target reached
Hi Traders,After 13 Trading Days we reached the target! :)
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