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
EURUSD SELL 75%EURUSD SELL
SL: 1.1920
TP: 1.1500
3% Of Account for Risk management.
WAIT FOR A 15 MIN TIME FRAME BREAK OF STRUCTURE BEFORE ENTERING.
Daily- Ever since it broke the structure at 1.200 it has been climbing, it's doing a retracement so we can see a pull-back once it reaches the 38% or the 60% it may even do 100%.
At the moment I only see this as a trade that will play out on the 4hr.
In this time frame, I Can see it reach 38% of the daily time frame before we start looking for a bos to start buying.
The 1Hr time frame is where we need to look for these upcoming days to place orders to the downside.
My projection is simple, to reach the 1.15000 area.