AUDUSD Bearish Move Explained +80 PIPS
Updated
AUDUSD actually did rapidly sell after the rate announcement at 12:30 AM EST.
It is already below the 200 EMA and has just broken structure on the downside by crossing below the 50 EMA.
- MOM looks like it is on the 0 line but it is actually negative which for me is a bearish confirmation.
-STOCH is below 50, facing down and the orange line is above the blue. These are also bearish confirmations for me.
ORIGINAL IDEA:
Potential sell at Market Execution or Sell limit at 0.67150.
SL: 0.67550 (-40 PIPS)
TP 1: 0.66750 (+40 PIPS)
TP 2: 0.66550 (+60 PIPS)
TP: 0.66350 (+80 PIPS)
ALL TPs HIT!
It is already below the 200 EMA and has just broken structure on the downside by crossing below the 50 EMA.
- MOM looks like it is on the 0 line but it is actually negative which for me is a bearish confirmation.
-STOCH is below 50, facing down and the orange line is above the blue. These are also bearish confirmations for me.
ORIGINAL IDEA:
Potential sell at Market Execution or Sell limit at 0.67150.
SL: 0.67550 (-40 PIPS)
TP 1: 0.66750 (+40 PIPS)
TP 2: 0.66550 (+60 PIPS)
TP: 0.66350 (+80 PIPS)
ALL TPs HIT!
Note
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