Short on AUDUSD
Updated
Hi guys,
as you can see on the chart above, on this pair we're retesting a key structure level. In doing so, price has created a nice engulfing candle bigger than all the previous ones. This, together with the RSI Divergence (that you can see on the bottom) makes me think this could be the reversal beginning.
Stops owuld go above the highs, target1 at the retest of the lows, target2 around 0,76.
If you want to share your viewpoint, or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
as you can see on the chart above, on this pair we're retesting a key structure level. In doing so, price has created a nice engulfing candle bigger than all the previous ones. This, together with the RSI Divergence (that you can see on the bottom) makes me think this could be the reversal beginning.
Stops owuld go above the highs, target1 at the retest of the lows, target2 around 0,76.
If you want to share your viewpoint, or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Comment
You can also use 2618 as a reason for entry:Trade active
Trade closed: target reached
First target hit! Stops at breakeven.Comment
Second Position:Comment
Stop moved to 1,7663Trade closed: target reached
Second target hit! Patience pays!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.