Roker1
Short

Good shorting opportunity on AUDUSD

FX:AUDUSD   Australian Dollar/U.S. Dollar
Hey traders,
i've been watching this pair for a shorting opportunity for a long time. After banking some pips in a double top opportunuity we saw the market continuing to rally. While price's heading up, power is becoming lesser and lesser, as we can see on the RSI . That tells us that maybe a reverse is ahead.
As soon as price touched the .618 level it's put an long wick to the top candle (selling pressure).
Furthermore, if we scroll the chart we can see previous structure right at this level that also happens to be a psychological number (0,74).
Those reasons all together make me predict a downward move in the imminent future.
The last signal i want to see is a bearish engulfing candle.
At that point, i'm goint to sell the market.
Risk to reward ratio could be very nice.
Let's see.

If you have any question, don't hesitate to ask.
Otherwise, see you in the next chart!
Order cancelled: Setup invalidated
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw
United Kingdom
United States
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out