Hey traders,
After scaling into 2 long AUDUSD positions which hit our targets of the blue trend line I now have a short bias.
We now have price action at the same trend line in the form of a bearish pinbar.
Looking at the Higher Time Frame we see that AUDUSD has been in a down trend for quite a long time.
The MACD on the H4 is also about to have a bearish cross.
Risk to reward on this trade is 2, but might be able to let this trade run for much larger.
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: instagram.com/jaylen.forex/
Website: forexshinobi.com
Tiktok: Forexshinobi
ForexShinobi
After scaling into 2 long AUDUSD positions which hit our targets of the blue trend line I now have a short bias.
We now have price action at the same trend line in the form of a bearish pinbar.
Looking at the Higher Time Frame we see that AUDUSD has been in a down trend for quite a long time.
The MACD on the H4 is also about to have a bearish cross.
Risk to reward on this trade is 2, but might be able to let this trade run for much larger.
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: instagram.com/jaylen.forex/
Website: forexshinobi.com
Tiktok: Forexshinobi
ForexShinobi
Related publications
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.
Related publications
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.