AUDUSD SELL
AUDUSD Sell set up -
Daily -
AU has been on a downtrend since Feb 2018. The market is now approaching the resistance line.
Looking for rejection of the resistance trend line and to make its move down resulting in a 220 pip trade.
4hr -
On 4hr AU has found resistance at 0.070470. From that market is created a triple top.
Daily resistance trend line is just 6 pips away from CMP.
Also, an M formation has reached the 4th position.
Anticipating a drop-down to number 5 to complete the M formation and also the triple top.
You can hold the trade down to Daily support- 0.68300.
Daily -
AU has been on a downtrend since Feb 2018. The market is now approaching the resistance line.
Looking for rejection of the resistance trend line and to make its move down resulting in a 220 pip trade.
4hr -
On 4hr AU has found resistance at 0.070470. From that market is created a triple top.
Daily resistance trend line is just 6 pips away from CMP.
Also, an M formation has reached the 4th position.
Anticipating a drop-down to number 5 to complete the M formation and also the triple top.
You can hold the trade down to Daily support- 0.68300.
Not
breakout due to FED talks.Trade still set.
Not
Target 1 reached
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.