AUD/USD short idea
Price has broken 7.50 Major key level and closed the day with an inversal candlestick (hanging man).
We also made a LH indicating a change in market structure (1H candlesticks are indicating strong sell).
Next week i expect the trendline to break and start a new downtrend.
I wait a cross of moving averages and a creation of a new LH on 30 minutes timeframe before entering the trade.
Like and subscribe for more!
We also made a LH indicating a change in market structure (1H candlesticks are indicating strong sell).
Next week i expect the trendline to break and start a new downtrend.
I wait a cross of moving averages and a creation of a new LH on 30 minutes timeframe before entering the trade.
Like and subscribe for more!
Note
On 30 minute timeframe price also made a continuation wedge and that confirms our bias.Trade closed: target reached
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.
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.