AUDUSD has retraced a little from the lows of last week.
I expect it to retest 0.76.
0.76 is a great level that I am looking to go short.
This is the PRZ of a harmonic shark pattern.
Will be watching for nice pinbars and abnormal volume activity at this level before I go short.
Will be looking at 0.753 and 0.7420 for targets due to the bigger shark pattern in the h4 chart.
I expect it to retest 0.76.
0.76 is a great level that I am looking to go short.
This is the PRZ of a harmonic shark pattern.
Will be watching for nice pinbars and abnormal volume activity at this level before I go short.
Will be looking at 0.753 and 0.7420 for targets due to the bigger shark pattern in the h4 chart.
הפקודה בוטלה:
This is the reason why you should never use a pending order for harmonic setups.
Always WAIT FOR A REACTION.
In this case, avoided a loss, conserved capital and waiting for a better opportunity.
Will be looking for AUD shorts again probably next week.
Always WAIT FOR A REACTION.
In this case, avoided a loss, conserved capital and waiting for a better opportunity.
Will be looking for AUD shorts again probably next week.
הערה:
Abnormal volume activity sighted.
Will wait for a retest to the previous top and the distribution process to continue before shorting.
The trigger will be the break of the trendline.
It could happen next week.
Abnormal volume activity sighted.
Will wait for a retest to the previous top and the distribution process to continue before shorting.
The trigger will be the break of the trendline.
It could happen next week.
הערה:
Next week, I will be eyeing the 0.7635 level for potential shorts.
If price breaks strong above this level, I will conclude that the trend has changed towards the upside.
if it failed to break above and closes weak, it will be a trend following ride towards 0.7420.
Watch the volume, it leaves clues.
Next week, I will be eyeing the 0.7635 level for potential shorts.
If price breaks strong above this level, I will conclude that the trend has changed towards the upside.
if it failed to break above and closes weak, it will be a trend following ride towards 0.7420.
Watch the volume, it leaves clues.
Will be watching this zone between 0.7628 - 0.7635 closely.
A great support turn resistance zone and a bearish butterfly completion right here.
Again, no pending orders, always wait for a reaction at this zone.
I will it to close weak after hitting the zone with abnormal vol.