AUDUSD POTENTIAL SHORT (range breakout/breach)
AUDUSD POTENTIAL SHORT
1D Chart:
*Aussie had been holding at the .73600-.73300 handle for weeks/months now
*The daily chart shows that the pair had a strong breach/breakout to the downside of trend
*Good momentum on the sellers side
*Watch price to make sure they hold it beneath structure (to confirm its not fakeout)
4H Chart:
*Watch this chart to watch price more closely on the re-test of structure
*Make sure the re-test is weaker then the seller push, to confirm probable Aussie short
*Watch the reaction of seller once price reaches this daily structure level
1H Chart:
*Watch this chart to gain good specifics on price as well as get ahead of price movement
*Use this chart for entry precision if you see strong seller interest at daily structure level
Make sure to always stay discipline with your trading plan as well as with proper risk management. Make sure to always keep a good risk/reward as well as never risk more than 2% of trading capital per trade.
Cheers!
1D Chart:
*Aussie had been holding at the .73600-.73300 handle for weeks/months now
*The daily chart shows that the pair had a strong breach/breakout to the downside of trend
*Good momentum on the sellers side
*Watch price to make sure they hold it beneath structure (to confirm its not fakeout)
4H Chart:
*Watch this chart to watch price more closely on the re-test of structure
*Make sure the re-test is weaker then the seller push, to confirm probable Aussie short
*Watch the reaction of seller once price reaches this daily structure level
1H Chart:
*Watch this chart to gain good specifics on price as well as get ahead of price movement
*Use this chart for entry precision if you see strong seller interest at daily structure level
Make sure to always stay discipline with your trading plan as well as with proper risk management. Make sure to always keep a good risk/reward as well as never risk more than 2% of trading capital per trade.
Cheers!