4 hr candle price resistance rejection
as of writing, 4hr price action show price rejection at 0.74800 resistance zone. There is a chance AUDUSD may resume its downtrend. I queued a sell stop at 0.74700. My target is 0.74500. My risk management will be 0.74800 because if prices breaks above this zone, it will invalidate my downtrend.
Take note: Im not a good fundamental trader, hence i ignore all fundamental news when it comes to trading.
Take note: Im not a good fundamental trader, hence i ignore all fundamental news when it comes to trading.
Note
Overnight market hit my target 0.74500. Trade closed.Trade closed: target reached
target reached. trade closed on apr 28.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.