Hello Everyone!
How are you all?
AudUsd is a pair to watch in the coming days and weeks, because it is shaping up very nicely for a bearish trend reversal that we can capitalize on.
So, I will be looking for a bearish reversal because of the following reasons:
1. The overall trend is bearish.
2. The price is potentially forming a reversal structure.
3. The price is approaching the value area.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the High, and makes a bearish impulse followed by a flag with two highs and lows.
Entry : will look for a risk sell entry within the flag.
How are you all?
AudUsd is a pair to watch in the coming days and weeks, because it is shaping up very nicely for a bearish trend reversal that we can capitalize on.
So, I will be looking for a bearish reversal because of the following reasons:
1. The overall trend is bearish.
2. The price is potentially forming a reversal structure.
3. The price is approaching the value area.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the High, and makes a bearish impulse followed by a flag with two highs and lows.
Entry : will look for a risk sell entry within the flag.
Note
The price has come to the value area, awaiting a bearish impulse.
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.