Short AUDJPY. Previous candle on the daily time frame closed as a bearish engulfing to the other. Overall is a downtrend. Also price currently is below my moving averages(10,20,40).Trade with good risk management if you are going to take this trade!
Going short on Eurusd entry:1.17580 tp levels: 1.17307, 1.17019 sl:1.17856 Use proper risk management . Do not risk more than 2% of your capital.
Going short on Cadchf, entry is 0.73000, final tp 0.71750 sl:0.73400 trade with proper risk management . dont risk more than 2% of your capital!
Looking at the 4hr timeframe, AUDJPY broke the trendline. There was an imbalance after the break in trend, but now it has been filled.Also the last candle before the market closed is a reversal candle.
I'm waiting for a pull back to the entry point marked on the chart and also other signs of bearishness on chfjpy to go short
I will be going long on EURNZD when market open. If you are going to take this trade please use proper risk management. Wish y'all a profitable and a good trading week! 🍻 🍺
Equal lows created on 14 Jan and 21 Jan on the 4hr time frame respectively has been taken out on 27 Jan. Price quickly moved away from its bearishness creating an order block in the 4hr time frame and also taking out the previous swing highs on the 22 Jan. As we can see on the chart, after price took out the previous swing high, it came back to retest our 4hr OB...