AUDUSD Sell from top of range/resistance & higher price
Set -ups
1.) Sell from Range Top
W
Price has been reacting off this weekly area (formed 6/15) for over a year and is in a range between 0.7800 and 0.7200. New weekly demand formed and was respected @ 0.7500
D
As mentioned above, price has been in this range for a year now. We are again reaching the top of that range. New Daily Demand (a continuation pattern, Rally-base-rally) formed within the weekly level. Watch this area for pullback to.
240
The entries/stops are refined on 240, but shown best from the daily chart.
TP
3:1 Goal. If I get time and depending on whether quality demand forms, I will re-evaluate and possibly go for more.
1.) Sell from Range Top
- Refined Entry based on fresh daily zone
- Refined Entry based on fresh/authentic daily SZ
W
Price has been reacting off this weekly area (formed 6/15) for over a year and is in a range between 0.7800 and 0.7200. New weekly demand formed and was respected @ 0.7500
D
As mentioned above, price has been in this range for a year now. We are again reaching the top of that range. New Daily Demand (a continuation pattern, Rally-base-rally) formed within the weekly level. Watch this area for pullback to.
240
The entries/stops are refined on 240, but shown best from the daily chart.
TP
3:1 Goal. If I get time and depending on whether quality demand forms, I will re-evaluate and possibly go for more.