We have a bearish bat completed at 1.062 aligning with previous structural resistance. Any sell opportunity here should be seized given that this resistance level has held twice before coupled with the bearish bat. Sellers can look at 1.054 as the first potential target should bears start selling it down once again
Great trade setup here again. Risk/Reward great as usual. The market has been making very harmonic moves down and the next harmonic move down comes in at 1.618% extension which comes in exactly at the next major support level of 0.990. Happy trading :)
H4 SHOWS A CLOSED BEARISH PIN BAR ALTHOUGH THAT BAR STILL HAS AN HOUR MORE BEFORE IT ACTUALLY CLOSE.
WHERE DID THE FAKE BEARISH PIN BAR COME FROM?
TRADINGVIEW.COM PLEASE?
FIX THIS VISUAL GLITCH.
H4 close above 1.0850 will invalidate this trade.
Wait for H4 bearish pin bar to form to enter this trade. pin bar must be more than 30 pips, cutting the 1.0850 line and bearish in nature.
More conservative traders can wait for a D1 pin bar confirmation.
AUDSGD channel. almost similar to AUDUSD. main trend is still downwards. wait for H4 bearish pin bar/rejection pattern at 1.085 to enter sell.
note. price may not retrace to that level and may just close below the channel today. however better risk reward is at 1.0850.
IF D1 manages to close above 1.0850 today. a short term upbreak to 1.11 could happen. I do not...
