AUDUSD H4 Potential short

31 Ara 2022

Hi
uptrend structure has been invalid (failed to create HH, and created a LL) after price fell on 12/14
Although it is currently back upside parallel
but momentum is not enough like before
and no enough bullish momentum to break through the previous high (except for sudden news, or policies changed)
So predict that when price backtest red block which is resistance range, it will face a bit selling pressure

Entry, SL, TP are given on chart
Can be adjusted according to personal strategy (prevent stop hunt, fake move...)

The above are only personal opinions, not investment advice.

5 Oca 2023

Not

if you did entry,
can consider batch TP cuz it's still uptrend for now
and rmb to adjust SL below entry price to protect profit

6 Oca 2023

İşlem kapandı: hedefe ulaştı