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AUDUSD SHORT
Australian Dollar / U.S. Dollar
Short
AUDUSD SHORT
By KairosTrades
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Jul 17, 2022
7
Cheer
Cheer
Jul 17, 2022
CONFIRMATIONS
- I highlighted in purple the areas and times where price has reached my ascending trend line and rejected price.
- Placed my stop loss a little higher than its previous high.
- The dollar(DXY) is possibly consolidating but overall bullish so that's essentially working in confluence.
- Price has hit my fib retracement at the golden 618 zone, which is a sign price could reverse at this point.
- Set my take profit a little above my -27 extension.
- I haven't entered the trade yet. I might wait until price goes under my 50 moving average, then id have to adjust my stop loss and take profit!
AUDUSD
Chart Patterns
Fibonacci Retracement
Technical Indicators
movingaveragepriceaction
supportandresistancezones
Trend Analysis
volumespreadanalysis
KairosTrades
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