EU was bullish after breaking and retesting on the daily. Entry on smaller timeframe with confluence.
EU is on a bearish move. Waiting for price to hit 1:1 RRR and moving Stoploss to Breakeven. Entry taken on lower time frame with the FIB
Here on the AUDUSD , we can see a clear breakout of the bearish channel which was formed after an impulsive bullish move. This could be time for continuation of this bullish movement. Use proper risk management. Good luck.
A bearish engolfing candle breaks the triangle pattern telling as that the price will reverse to touch the daily support zone, Time for sell.
