AUDUSD - Plan to short
Simple trade using trend analysis.
Run away if trend change to bullish.
Daily : Bullish
H4 : Bearish.
Idea: Trade in H4 and close also in H4 chart. Check the nearest target for partial profit or using trailing stop.
In my mind: I maybe wrong as higher TF is contradicting the smaller TF (H4). Beware of the risk.
Run away if trend change to bullish.
Daily : Bullish
H4 : Bearish.
Idea: Trade in H4 and close also in H4 chart. Check the nearest target for partial profit or using trailing stop.
In my mind: I maybe wrong as higher TF is contradicting the smaller TF (H4). Beware of the risk.
Trade active
Short entry triggered. Hit SL if close above 0.7895Trade closed: stop reached
Market is doing the bearish reversal. Believed the big impact news caused the trend suddenly changed. On Daily chart, bullish started to continue. Wait for bullish retracement (H4 chart) on new structure.
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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.