AUDJPY Short Position
4H Trendline Break: The break of a significant trendline on the 4-hour chart suggests a potential reversal in trend from bullish to bearish. This is a key signal that the buying momentum may be weakening and selling pressure could increase.
Break of Higher Low (HL): The break below a higher low is an indication that the uptrend has been invalidated, and the market may be entering a downtrend or a corrective phase.
New Lower Low (LL): The formation of a new lower low confirms the transition into a bearish trend. This is a key signal for entering a short position, as it reflects increased selling pressure.
Entry: Place a sell stop order at the new lower low (LL) point. This will ensure you enter the trade if the price continues to decline, confirming the bearish momentum.
Break of Higher Low (HL): The break below a higher low is an indication that the uptrend has been invalidated, and the market may be entering a downtrend or a corrective phase.
New Lower Low (LL): The formation of a new lower low confirms the transition into a bearish trend. This is a key signal for entering a short position, as it reflects increased selling pressure.
Entry: Place a sell stop order at the new lower low (LL) point. This will ensure you enter the trade if the price continues to decline, confirming the bearish momentum.
Note
Cancel the pending order
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.