AUDUSD Sell on RETRACE
Sell 0.77250 - 0.77450
TP: 0.75850
SL: 0.78690
Order Place:
1. Downtrend on 1 and 4 hours chart
2. Price Structure levels (yellow) between 0.77250 - 0.77450, which has been used as resistance and support multiple times in the past
3. resistance on the top of the uptrend line (blue)
4. Fib retracement 0.5
5. 4hours 50 EMA will be close to the Structure Level to act as resistance
Take Profit
Above 100 days EMA
Above previous low (03 - 05 Feb)
Stop Loss
30 pipes above previous high
10 pipes above Fib retracement 0.618 of the downtrend from 25 Feb (0.800 - 0.76221)
TP: 0.75850
SL: 0.78690
Order Place:
1. Downtrend on 1 and 4 hours chart
2. Price Structure levels (yellow) between 0.77250 - 0.77450, which has been used as resistance and support multiple times in the past
3. resistance on the top of the uptrend line (blue)
4. Fib retracement 0.5
5. 4hours 50 EMA will be close to the Structure Level to act as resistance
Take Profit
Above 100 days EMA
Above previous low (03 - 05 Feb)
Stop Loss
30 pipes above previous high
10 pipes above Fib retracement 0.618 of the downtrend from 25 Feb (0.800 - 0.76221)
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