Why I think AU Will Continue to Sell
Hey Rich Friends,
I think AU will continue to sell. Here is what I am looking at.
The market has already tapped into the supply zone. It may retest around 0.64450 or higher.
- Candles have crossed below the 50 EMA.
- MOM is below 0
- STOCH is facing down, the orange line is above the blue line but the lines have not crossed below 50.
Waiting for these things to enter:
- STOCH to cross below 50
- Candles to close below 200 EMA
I have a market execution order and a sell limit in the supply zone. 40 pip SL and 40 pip TP.
- Peace and Profits, Cha
I think AU will continue to sell. Here is what I am looking at.
The market has already tapped into the supply zone. It may retest around 0.64450 or higher.
- Candles have crossed below the 50 EMA.
- MOM is below 0
- STOCH is facing down, the orange line is above the blue line but the lines have not crossed below 50.
Waiting for these things to enter:
- STOCH to cross below 50
- Candles to close below 200 EMA
I have a market execution order and a sell limit in the supply zone. 40 pip SL and 40 pip TP.
- Peace and Profits, Cha
Trade closed: stop reached
Comment:
My SL was hit but I should have just watched the trade and it moved it a little higher. It actually did reverse and hit my TP 1 ! I hope some of you were able to secure some profits with this trade idea,
Trade closed: target reached:
TP 1
Comment: