AUDUSD BEARISH MOMENTUM > SELL !
Updated
Welcome Traders and Investors to a new idea I'll be sharing with you today on how I anticipate the price of this asset to potentially perform in the coming days as a result of research and preparation. I hope you guys find value and direction from this viewpoint, and if you agree with this idea > hit the boost button as well as follow me for more. Peace and Love
- Firstly, the process of this Sell opportunity began with the finding of this first Bearish Candle of this week possessing the three specific principles that have proven to be profitable and effective within itself to potentially play a role towards influencing the price of this currency pair to fall 100-115 pips below the bottom bearish candle as well as protecting the price from hitting a 7.5 pip stop loss above the bottom bearish candle based off my previous data and intentional backtesting. I stand firm with this prediction
These are the four specific principles below 👇🏾
1st Principle = The (Red Ma) is currently above this Bearish Candle with the (Blue Ema)
2nd Principle = This Bearish Candle has and will remain to have a flat top
3rd Principle = This entire Bearish Candle is fully below the Ichimoku Cloud
4th and final Principle = The previous wick of this Bearish Candle is 64 pips above the bottom bearish candle, which is greater than the last bearish previous wick (20), by 44 > Immediately making it a greater previous wick, perceiving it as the greater previous wick = The more effective and profitable this Bearish Candle has now become within itself to influence the price to fall 100 -115 pips below the bottom bearish candle while preventing the price from getting 5 pips above it since it has a clear advantage over the last Bearish Candle that was extremely profitable last week
(MY SELL POSITION OFF THIS BEARISH CANDLE REVEALED) - 11/6/2023
MY ENTRY PRICE was 0.64459pts
The price of my take profit is set at 0.63319pts (114 pips)
The price of my stop loss is set at 0.64685pts (22.6 pips) -
My strict risk management rules are in place within this position (2-3% risk per trade)
- Always apply proper risk management to your trading plan/strategy> MAINTAIN + GROW YOUR ACCOUNT is key
(Bk) Buomkuoth Nhial Reath 💎
Our Father who art in heaven, hallow be thy name, thy kingdom come, thy will be done on earth as it is in heaven. Give us this day our daily bread and forgive us for our trespasses as we forgive those who trespass against us and lead us not into temptation but deliver us from evil AMEN.
- Firstly, the process of this Sell opportunity began with the finding of this first Bearish Candle of this week possessing the three specific principles that have proven to be profitable and effective within itself to potentially play a role towards influencing the price of this currency pair to fall 100-115 pips below the bottom bearish candle as well as protecting the price from hitting a 7.5 pip stop loss above the bottom bearish candle based off my previous data and intentional backtesting. I stand firm with this prediction
These are the four specific principles below 👇🏾
1st Principle = The (Red Ma) is currently above this Bearish Candle with the (Blue Ema)
2nd Principle = This Bearish Candle has and will remain to have a flat top
3rd Principle = This entire Bearish Candle is fully below the Ichimoku Cloud
4th and final Principle = The previous wick of this Bearish Candle is 64 pips above the bottom bearish candle, which is greater than the last bearish previous wick (20), by 44 > Immediately making it a greater previous wick, perceiving it as the greater previous wick = The more effective and profitable this Bearish Candle has now become within itself to influence the price to fall 100 -115 pips below the bottom bearish candle while preventing the price from getting 5 pips above it since it has a clear advantage over the last Bearish Candle that was extremely profitable last week
(MY SELL POSITION OFF THIS BEARISH CANDLE REVEALED) - 11/6/2023
MY ENTRY PRICE was 0.64459pts
The price of my take profit is set at 0.63319pts (114 pips)
The price of my stop loss is set at 0.64685pts (22.6 pips) -
My strict risk management rules are in place within this position (2-3% risk per trade)
- Always apply proper risk management to your trading plan/strategy> MAINTAIN + GROW YOUR ACCOUNT is key
(Bk) Buomkuoth Nhial Reath 💎
Our Father who art in heaven, hallow be thy name, thy kingdom come, thy will be done on earth as it is in heaven. Give us this day our daily bread and forgive us for our trespasses as we forgive those who trespass against us and lead us not into temptation but deliver us from evil AMEN.
Trade closed: target reached
I adjusted my take profit to 0.63385pts Successful Trade
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