OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Looking for a retracement into the 61.8-78% area before entering a short position.
Located a large imbalance in that area which could provide a good resistance framework.
Also located a stutter candle which may provide a good entry point for a lower pip SL and therefore, a larger R:R ratio.
Looking for a market execution once my analysis is confirmed.

Comments

Thanks for the report. However the entry levels and stop loss levels aren't clear to me as it say 6430 3 times. It looks like the entry and stop loss are both at 6430.

Thanks
+1 Reply
LewisBroadhurst surreydaytrader
@surreydaytrader, Thanks for your comment, you are correct.

My first entry point is at 0.63975, my second entry point is at 0.6405.

Best of luck with your trading week,

Lewis
Reply
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