I just shorted AUDUSD. Why? becaue; Price is showing wickness on a strong resistance level. The fact that this resistance level influence price almost everytime encourage me to short without waiting for any other confirmation signal. Meanwhile, I placed my SL too far for the price to hace enough space to breathe. It might be a bad idea to go short if we look at...
Reversing from 23.6% Fibonacci Levels and a Perfect bearish engulfing pattern on the top :) GOOD LUCK trade will take 2 or 3 weeks
Reasons for - Clearly price is putting in lower lows and lower highs (Clear Downtrend) - Price broke key level at 120.00 A week back so we maybe heading to next key level ? - Price has put 3 touch on short term 4 Hour trend line - Price put in doji the a bearish engulfing and clearly bearish candle then another bull green candle then another gearish engulfing ...
I personally have been short on this pair since December :) Okay some may see this as a crazy setup but i believe US30 setup will fall to around 7000 in the next year or so There are many reasons for this setup Fundamentals and technicals FUNDAMENTALS - jubilee year ? - shemitah Year ? - every 8 years a financial crisis - FED raising rates to...
This time, I am not showing you a trading plan. But I want instead ask a question to all of you that are following my profile. By Arrows I marked on charts some supply levels for potential sell trades. - Where would you risk SELL TRADES in this Trading Scenario and with which Risk Margin? Thank You girolamoaloe.com