Sell-signal
Feeling Short on AUDUSD
Why will I enter?!
Daily: Price is in a resistance zone. Stochastic is approaching the bottom of the stochastic. This tells me that price should test support soon. Used Fib to track up to 50% of most recent low which near the support zone.
4 Hour: Stochastic is approaching the bottom of the line. This would normally tell me that price should test the support again.
1 Hour: Stochastic is approaching the bottom of the line. This tells me that price should test the support again.
15 min: Stochastic is at the top. Tells me that price should fall at some point.
5 min: Stochastic is approaching the top and hasn’t broke the previous high.
• Set Sell Stop @ 0.71231 or Sell Limit @ 0.71368
If you agree I would appreciate your LIKE, FOLLOW, OR COMMENT
If you disagree let’s talk this thing out!
I’m a new trader looking to learn and grow with this great community so let’s work!
Hope your trading week is going well!
USDJPY Looks Bearish Today
USDJPY has reached a strong horizontal 4H structure resistance.
the price has formed a triple top formation on that and broke below a support line of a rising wedge pattern confirming the strength of the underlined structure.
now the price is trading outside the wedge's boundaries.
bearish continuation is highly probable.
first goal - 105.46