AUD/USD SHORT WIN TRADE
Market Distribution:
The market created a head and shoulder pattern after a strong rally upward.
I saw a bearish engulfing on right shoulder on the 4 hrs time frame and took my
entry.
Stop lose on top of the high of the candle and entry on the low of the candle.
( As price tends to hit the low of the engulfing candle or 50%. )
Target:
The length of the head and the shoulder is the target that the price will reach and that was
perfect because there is a zone there for extra confirmation.
Good win trade.
The market created a head and shoulder pattern after a strong rally upward.
I saw a bearish engulfing on right shoulder on the 4 hrs time frame and took my
entry.
Stop lose on top of the high of the candle and entry on the low of the candle.
( As price tends to hit the low of the engulfing candle or 50%. )
Target:
The length of the head and the shoulder is the target that the price will reach and that was
perfect because there is a zone there for extra confirmation.
Good win trade.
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.